Shares of Associated Capital Group, Inc. (NYSE:AC - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $35.51, but opened at $32.30. Associated Capital Group shares last traded at $33.89, with a volume of 11,748 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com raised Associated Capital Group from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th.
Get Our Latest Research Report on AC
Associated Capital Group Trading Up 4.6 %
The stock's 50-day moving average price is $36.70 and its 200-day moving average price is $36.26. The stock has a market cap of $714.51 million, a price-to-earnings ratio of 16.32 and a beta of 0.74.
Associated Capital Group (NYSE:AC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 EPS for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.
Hedge Funds Weigh In On Associated Capital Group
Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% in 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. Empowered Funds LLC bought a new position in shares of Associated Capital Group during the fourth quarter valued at about $149,000. Northern Trust Corp increased its stake 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 valued at $630,000 after buying an additional 2,755 shares during the period. Geode Capital Management LLC lifted its position in shares of 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 worth $776,000 after purchasing an additional 4,841 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Associated Capital Group in the fourth quarter worth about $1,092,000. Institutional investors own 8.14% of the company's stock.
About Associated Capital Group
(
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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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