Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw strong trading volume on Monday . 4,208 shares were traded during mid-day trading, a decline of 18% from the previous session's volume of 5,123 shares.The stock last traded at $36.41 and had previously closed at $36.38.
Analysts Set New Price Targets
Separately, StockNews.com lowered Associated Capital Group from a "hold" rating to a "sell" rating in a research note on Friday, March 7th.
View Our Latest Stock Analysis on AC
Associated Capital Group Stock Performance
The firm has a market cap of $746.61 million, a price-to-earnings ratio of 17.06 and a beta of 0.92. The business's 50-day moving average is $36.59 and its 200-day moving average is $35.87.
Associated Capital Group (NYSE:AC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 EPS for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.
Institutional Investors Weigh In On Associated Capital Group
Hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group in the fourth quarter valued at approximately $1,092,000. Geode Capital Management LLC increased its stake in shares of Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock valued at $790,000 after buying an additional 1,135 shares during the period. Northern Trust Corp raised its position in shares of Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after acquiring an additional 2,755 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Associated Capital Group during the fourth quarter valued at $149,000. Finally, JPMorgan Chase & Co. lifted its stake 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 acquiring an additional 697 shares during the period. Institutional investors own 8.14% of the company's stock.
Associated Capital Group Company Profile
(
Get Free Report)
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.
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