Associated Capital Group (NYSE:AC) Raised to Buy at StockNews.com

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

Associated Capital Group Price Performance

Shares of Associated Capital Group stock opened at $35.98 on Thursday. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85. The company has a market capitalization of $764.28 million, a P/E ratio of 13.68 and a beta of 0.87. The business’s fifty day moving average price is $35.73 and its two-hundred day moving average price is $34.78.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings data on Friday, November 8th. The financial services provider reported $1.09 EPS for the quarter. The business had revenue of $2.42 million for the quarter. Associated Capital Group had a net margin of 412.90% and a return on equity of 6.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC lifted its stake 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 acquiring an additional 298 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 697 shares during the period. Renaissance Technologies LLC lifted its position in shares of Associated Capital Group by 3.3% in 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 holdings 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 during the period. Finally, Quent Capital LLC acquired a new stake in shares of Associated Capital Group during the third quarter worth approximately $240,000. 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.