Associated Capital Group (NYSE:AC) Now Covered by StockNews.com

Research analysts at StockNews.com started coverage on shares of Associated Capital Group (NYSE:AC) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

Associated Capital Group Stock Down 0.3 %

Shares of NYSE:AC opened at $36.73 on Friday. The business has a fifty day simple moving average of $35.72 and a 200 day simple moving average of $35.10. Associated Capital Group has a 12-month low of $28.58 and a 12-month high of $43.85. The firm has a market cap of $780.06 million, a P/E ratio of 13.96 and a beta of 0.88.

Associated Capital Group (NYSE:AC) last issued 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 412.90% and a return on equity of 6.21%.

Hedge Funds Weigh In On Associated Capital Group

A number of hedge funds have recently added to or reduced their stakes in AC. Dynamic Advisor Solutions LLC lifted 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 valued at $449,000 after purchasing an additional 298 shares in the last quarter. JPMorgan Chase & Co. increased its stake in 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 buying an additional 697 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Associated Capital Group during the 4th quarter worth approximately $149,000. Geode Capital Management LLC boosted its stake in shares of 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 during the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the fourth quarter valued at approximately $1,092,000. Institutional investors and hedge funds own 8.14% of the company’s stock.

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.