Horizon Kinetics Asset Management LLC lowered its stake in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 917,630 shares of the financial services provider's stock after selling 57,498 shares during the period. Associated Capital Group comprises 0.4% of Horizon Kinetics Asset Management LLC's portfolio, making the stock its 24th largest holding. Horizon Kinetics Asset Management LLC owned 4.32% of Associated Capital Group worth $31,438,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management purchased a new position in Associated Capital Group during the fourth quarter worth $1,092,000. Geode Capital Management LLC grew its holdings in shares of Associated Capital Group by 28.4% during 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. Empowered Funds LLC acquired a new stake in shares of Associated Capital Group in the fourth quarter worth $149,000. Finally, JPMorgan Chase & Co. increased its holdings in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 697 shares in the last quarter. Institutional investors and hedge funds own 8.14% of the company's stock.
Associated Capital Group Stock Performance
Shares of AC stock traded down $0.26 during mid-day trading on Friday, reaching $35.72. 6,049 shares of the company were exchanged, compared to its average volume of 6,113. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The company has a market capitalization of $758.48 million, a P/E ratio of 17.25 and a beta of 0.92. The business's 50 day simple moving average is $36.63 and its 200 day simple moving average is $35.96.
Associated Capital Group (NYSE:AC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 EPS for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Associated Capital Group from a "sell" rating to a "hold" rating in a research note on Tuesday.
Read Our Latest Stock Analysis on AC
Associated Capital Group Profile
(
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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