Empowered Funds LLC Takes $149,000 Position in Associated Capital Group, Inc. (NYSE:AC)

Empowered Funds LLC purchased a new stake in Associated Capital Group, Inc. (NYSE:AC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,356 shares of the financial services provider’s stock, valued at approximately $149,000.

Separately, JPMorgan Chase & Co. boosted its stake in shares of Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 697 shares during the last quarter. 8.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Associated Capital Group in a research note on Sunday, February 16th. They set a “hold” rating on the stock.

Associated Capital Group Stock Down 0.1 %

Shares of AC stock opened at $38.56 on Friday. The stock has a market cap of $819.01 million, a price-to-earnings ratio of 18.63 and a beta of 0.88. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The firm’s 50 day moving average price is $36.24 and its two-hundred day moving average price is $35.51.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings data 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 336.45% and a return on equity of 4.88%.

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.