Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s stock price rose 4.5% during mid-day trading on Tuesday . The stock traded as high as $33.51 and last traded at $33.71. Approximately 987 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 6,097 shares. The stock had previously closed at $32.26.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Associated Capital Group from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th.
Read Our Latest Research Report on Associated Capital Group
Associated Capital Group Stock Performance
The stock's 50 day simple moving average is $36.50 and its 200 day simple moving average is $36.23. The firm has a market cap of $731.20 million, a P/E ratio of 16.70 and a beta of 0.74.
Associated Capital Group (NYSE:AC - Get Free Report) last posted its 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%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in 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 worth $25,000 after purchasing an additional 697 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Associated Capital Group in the 4th quarter worth approximately $149,000. Northern Trust Corp boosted its stake in shares of 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 buying an additional 2,755 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Associated Capital Group by 28.4% in the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock valued at $776,000 after acquiring an additional 4,841 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group during the fourth quarter valued at approximately $1,092,000. Hedge funds and other 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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