OFI Invest Asset Management Acquires New Holdings in Associated Capital Group, Inc. (NYSE:AC)

OFI Invest Asset Management acquired a new position in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 33,000 shares of the financial services provider's stock, valued at approximately $1,092,000. OFI Invest Asset Management owned about 0.16% of Associated Capital Group as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. increased 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. Empowered Funds LLC bought a new stake in shares of Associated Capital Group in the 4th quarter worth about $149,000. Finally, Geode Capital Management LLC increased its position in shares of Associated Capital Group by 28.4% in 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 last quarter. 8.14% of the stock is owned by institutional investors and hedge funds.

Associated Capital Group Stock Down 1.3 %

Shares of AC traded down $0.48 during midday trading on Thursday, hitting $35.12. The company had a trading volume of 1,802 shares, compared to its average volume of 5,404. The company's 50 day moving average price is $36.59 and its 200 day moving average price is $35.87. The stock has a market cap of $745.84 million, a price-to-earnings ratio of 16.97 and a beta of 0.92. Associated Capital Group, Inc. has a 52 week low of $28.58 and a 52 week high of $43.85.

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Associated Capital Group (NYSE:AC - Get Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Associated Capital Group from a "hold" rating to a "sell" rating in a research report on Friday, March 7th.

Associated Capital Group 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.