Associated Capital Group (NYSE:AC) Stock Rating Upgraded by StockNews.com

Associated Capital Group (NYSE:AC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Associated Capital Group Trading Down 0.4 %

NYSE AC opened at $34.97 on Thursday. The firm has a market cap of $742.66 million, a price-to-earnings ratio of 13.30 and a beta of 0.87. The company has a 50 day moving average of $36.43 and a 200-day moving average of $34.32. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85.

Hedge Funds Weigh In On Associated Capital Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. OFI Invest Asset Management bought a new position in shares of Associated Capital Group during the second quarter worth $1,244,000. Renaissance Technologies LLC boosted 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 purchasing an additional 800 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of 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 in the last quarter. Finally, Quent Capital LLC bought a new stake in Associated Capital Group in the 3rd quarter valued at $240,000. 8.14% of the stock is 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.