Associated Capital Group (NYSE:AC) Stock Price Down 3.3% - What's Next?

Shares of Associated Capital Group, Inc. (NYSE:AC - Get Free Report) dropped 3.3% during trading on Tuesday . The stock traded as low as $33.55 and last traded at $32.95. Approximately 1,937 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 6,259 shares. The stock had previously closed at $34.06.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Trading Down 3.5 %

The stock has a market cap of $695.18 million, a P/E ratio of 15.81 and a beta of 0.74. The stock's fifty day moving average price is $36.14 and its 200 day moving average price is $36.19.

Associated Capital Group (NYSE:AC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (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 large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in shares of Associated Capital Group by 28.4% during the third 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. JPMorgan Chase & Co. boosted its holdings 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 worth $25,000 after buying an additional 697 shares during the last quarter. Empowered Funds LLC bought a new position in Associated Capital Group in the 4th quarter worth $149,000. OFI Invest Asset Management purchased a new stake in Associated Capital Group in the fourth quarter worth about $1,092,000. Finally, Northern Trust Corp lifted its position 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. 8.14% of the stock is currently owned by hedge funds and other 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.

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