Associated Capital Group (NYSE:AC) Upgraded at StockNews.com

StockNews.com upgraded shares of Associated Capital Group (NYSE:AC) from a sell rating to a hold rating in a research note released on Tuesday.

Associated Capital Group Trading Up 0.5 %

NYSE AC opened at $35.32 on Tuesday. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The company has a market cap of $750.09 million, a PE ratio of 17.06 and a beta of 0.92. The stock’s 50-day moving average price is $36.59 and its two-hundred day moving average price is $35.96.

Associated Capital Group (NYSE:AC) last released 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 have recently bought and sold shares of AC. Geode Capital Management LLC grew its stake in Associated Capital Group by 28.4% during 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 697 shares during the period. Empowered Funds LLC purchased a new position in Associated Capital Group during the fourth quarter valued at approximately $149,000. OFI Invest Asset Management acquired a new position in Associated Capital Group in the 4th quarter valued at approximately $1,092,000. Finally, Northern Trust Corp increased its stake in 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 buying an additional 2,755 shares during the period. 8.14% of the stock is owned by hedge funds and other institutional investors.

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.