Associated Capital Group (NYSE:AC) Rating Lowered to Hold at StockNews.com

Associated Capital Group (NYSE:AC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Associated Capital Group Price Performance

Shares of AC stock opened at $36.51 on Tuesday. 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 moving average is $35.74 and its two-hundred day moving average is $34.04. The firm has a market cap of $776.60 million, a P/E ratio of 13.88 and a beta of 0.86.

Institutional Investors Weigh In On Associated Capital Group

A number of large investors have recently bought and sold shares of AC. Quent Capital LLC bought a new position in Associated Capital Group during the first quarter valued at about $222,000. OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the 2nd quarter valued at approximately $1,244,000. Renaissance Technologies LLC lifted its holdings in Associated Capital Group by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 800 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Associated Capital Group by 2.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after purchasing an additional 298 shares during the period. Finally, Geode Capital Management LLC boosted its position in Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares during the period. 8.14% of the stock is currently owned by institutional investors.

About Associated Capital Group

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.