Associated Capital Group (NYSE:AC) Cut to "Sell" at StockNews.com

StockNews.com cut shares of Associated Capital Group (NYSE:AC - Free Report) from a hold rating to a sell rating in a report released on Friday.

Associated Capital Group Stock Up 3.6 %

Shares of NYSE:AC traded up $1.33 during midday trading on Friday, reaching $37.82. 4,331 shares of the company were exchanged, compared to its average volume of 5,237. Associated Capital Group has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The stock has a fifty day simple moving average of $36.54 and a two-hundred day simple moving average of $35.82. The firm has a market cap of $803.18 million, a PE ratio of 18.27 and a beta of 0.92.

Associated Capital Group (NYSE:AC - Get Free Report) last issued 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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the 4th quarter valued at about $1,092,000. Geode Capital Management LLC grew 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 valued at $776,000 after acquiring an additional 4,841 shares during the period. Empowered Funds LLC bought a new position in shares of Associated Capital Group in the 4th quarter valued at about $149,000. Northern Trust Corp grew its position in shares of Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock valued at $630,000 after acquiring an additional 2,755 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of 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 during the period. Institutional investors own 8.14% of the company's stock.

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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.