StockNews.com Downgrades Associated Capital Group (NYSE:AC) to Hold

Associated Capital Group (NYSE:AC) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Associated Capital Group Price Performance

Associated Capital Group stock opened at $37.33 on Friday. The stock has a market cap of $792.89 million, a PE ratio of 14.19 and a beta of 0.87. The stock’s fifty day moving average is $36.59 and its two-hundred day moving average is $34.44. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85.

Institutional Trading of Associated Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC grew its stake in Associated Capital Group by 2.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after buying an additional 298 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 800 shares during the last quarter. Geode Capital Management LLC increased its holdings 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. Quent Capital LLC acquired a new position in shares of Associated Capital Group in the 3rd quarter valued at $240,000. Finally, OFI Invest Asset Management purchased a new stake in Associated Capital Group in the 2nd quarter valued at $1,244,000. Institutional investors and hedge funds 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.