Associated Capital Group (NYSE:AC) Shares Up 2.4% - Here's What Happened

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares traded up 2.4% on Friday . The company traded as high as $39.10 and last traded at $38.99. 4,992 shares were traded during trading, a decline of 15% from the average session volume of 5,886 shares. The stock had previously closed at $38.09.

Wall Street Analyst Weigh In

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 Price Performance

The stock has a fifty day moving average of $36.89 and a 200 day moving average of $36.22. The stock has a market cap of $816.01 million, a price-to-earnings ratio of 18.56 and a beta of 0.92.

Associated Capital Group (NYSE:AC - Get Free Report) last announced 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%.

Institutional Investors Weigh In On Associated Capital Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake 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. Geode Capital Management LLC grew its stake in shares of Associated Capital Group by 5.2% during the 4th 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 shares of Associated Capital Group by 17.6% during 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 during the period. Empowered Funds LLC purchased a new position in shares of Associated Capital Group during the 4th quarter valued at approximately $149,000. Finally, OFI Invest Asset Management acquired a new position in shares of Associated Capital Group in the 4th quarter valued at $1,092,000. 8.14% of the stock is owned by institutional investors and hedge funds.

About Associated Capital Group

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.