Short Interest in Associated Capital Group, Inc. (NYSE:AC) Rises By 92.4%

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 15,200 shares, an increase of 92.4% from the January 31st total of 7,900 shares. Based on an average daily volume of 5,800 shares, the short-interest ratio is presently 2.6 days. Approximately 0.7% of the company's stock are sold short.

Associated Capital Group Stock Performance

Associated Capital Group stock traded down $0.24 during mid-day trading on Wednesday, reaching $36.49. The stock had a trading volume of 5,303 shares, compared to its average volume of 5,231. The firm has a market capitalization of $774.85 million, a PE ratio of 17.63 and a beta of 0.88. Associated Capital Group has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The stock's 50-day simple moving average is $36.45 and its 200-day simple moving average is $35.75.

Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (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

Several hedge funds and other institutional investors have recently made changes to their positions in AC. JPMorgan Chase & Co. lifted its position 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 acquiring an additional 697 shares in the last quarter. Geode Capital Management LLC increased its stake in Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock valued at $790,000 after buying an additional 1,135 shares during the last quarter. Northern Trust Corp lifted its position 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 buying an additional 2,755 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Associated Capital Group in the 4th quarter worth approximately $149,000. Finally, OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the fourth quarter valued at approximately $1,092,000. 8.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Associated Capital Group from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th.

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.