Associated Capital Group, Inc. (NYSE:AC) Short Interest Down 45.4% in February

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 8,300 shares, a drop of 45.4% from the February 13th total of 15,200 shares. Based on an average daily trading volume, of 4,900 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Price Performance

Shares of AC traded up $0.19 on Tuesday, reaching $35.32. The company's stock had a trading volume of 4,162 shares, compared to its average volume of 6,105. The stock has a market capitalization of $750.09 million, a P/E ratio of 17.06 and a beta of 0.92. The stock's 50 day simple moving average is $36.60 and its two-hundred day simple moving average is $35.95. Associated Capital Group has a 12-month low of $28.58 and a 12-month high of $43.85.

Associated Capital Group (NYSE:AC - Get Free Report) last issued its quarterly 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%.

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Hedge Funds Weigh In On Associated Capital Group

Several large investors have recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Associated Capital Group in the fourth quarter worth $1,092,000. Geode Capital Management LLC lifted 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 worth $776,000 after buying an additional 4,841 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Associated Capital Group in the fourth quarter worth $149,000. Northern Trust Corp lifted its holdings in shares of Associated Capital Group by 17.6% in the fourth 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 8.14% of the company's stock.

Associated Capital Group Company 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.