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

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

Associated Capital Group Stock Performance

AC opened at $36.19 on Wednesday. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The company’s 50 day simple moving average is $36.34 and its 200 day simple moving average is $34.26. The stock has a market capitalization of $768.68 million, a PE ratio of 13.76 and a beta of 0.86.

Institutional Trading of Associated Capital Group

Large investors have recently added to or reduced their stakes in the stock. Quent Capital LLC purchased a new stake in shares of Associated Capital Group during the first quarter valued at approximately $222,000. Dynamic Advisor Solutions LLC lifted its holdings in Associated Capital Group by 2.4% in 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 in the last quarter. Geode Capital Management LLC lifted its holdings in 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 worth $776,000 after buying an additional 4,841 shares in the last quarter. Renaissance Technologies LLC boosted its position 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 valued at $840,000 after buying an additional 800 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group during the second quarter valued at about $1,244,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.