Associated Capital Group (NYSE:AC) Sees Large Volume Increase - Here's Why

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 3,935 shares traded hands during mid-day trading, a decline of 22% from the previous session's volume of 5,074 shares.The stock last traded at $37.01 and had previously closed at $37.26.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Associated Capital Group from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

Associated Capital Group Stock Down 0.7 %

The company has a market capitalization of $774.85 million, a P/E ratio of 17.63 and a beta of 0.88. The firm's 50-day moving average price is $36.45 and its 200 day moving average price is $35.75.

Associated Capital Group (NYSE:AC - Get Free Report) last issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Associated Capital Group

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

Associated Capital Group Company Profile

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.