StockNews.com cut shares of Associated Capital Group (NYSE:AC - Free Report) from a hold rating to a sell rating in a report published on Tuesday morning.
Associated Capital Group Stock Up 0.4 %
Shares of Associated Capital Group stock traded up $0.16 on Tuesday, hitting $37.48. The stock had a trading volume of 2,046 shares, compared to its average volume of 5,165. The stock has a market cap of $795.86 million, a price-to-earnings ratio of 18.10 and a beta of 0.88. The stock's 50-day simple moving average is $36.40 and its two-hundred day simple moving average is $35.64. Associated Capital Group has a one year low of $28.58 and a one year high of $43.85.
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 net margin of 336.45% and a return on equity of 4.88%.
Hedge Funds Weigh In On Associated Capital Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in shares of Associated Capital Group during the fourth quarter valued at approximately $1,092,000. Geode Capital Management LLC increased its stake in Associated Capital Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock worth $790,000 after purchasing an additional 1,135 shares during the period. Northern Trust Corp grew its stake 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 acquiring an additional 2,755 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Associated Capital Group in the 4th quarter worth $149,000. Finally, JPMorgan Chase & Co. lifted its stake in 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 acquiring an additional 697 shares during the period. 8.14% of the stock is currently owned by hedge funds and other institutional investors.
Associated Capital Group Company Profile
(
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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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