Associated Capital Group (NYSE:AC) Sees Unusually-High Trading Volume - Here's What Happened

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 13,708 shares were traded during trading, an increase of 147% from the previous session's volume of 5,555 shares.The stock last traded at $33.91 and had previously closed at $33.99.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Associated Capital Group from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th.

Associated Capital Group Price Performance

The firm has a fifty day simple moving average of $36.21 and a 200-day simple moving average of $36.19. The firm has a market cap of $727.61 million, a P/E ratio of 16.62 and a beta of 0.74.

Associated Capital Group (NYSE:AC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after buying an additional 697 shares during the last quarter. Empowered Funds LLC purchased a new stake in Associated Capital Group in the 4th quarter valued at about $149,000. Northern Trust Corp grew its holdings in shares of Associated Capital Group by 17.6% in the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock valued at $630,000 after acquiring an additional 2,755 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Associated Capital Group by 28.4% during the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock valued at $776,000 after purchasing an additional 4,841 shares during the last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Associated Capital Group during the 4th quarter worth $1,092,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

About Associated Capital Group

Associated Capital Group, Inc, together with its subsidiaries, provides investment advisory services in the United States. The company offers alternative investment management services; and operates a direct investment business. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.