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

StockNews.com upgraded shares of Associated Capital Group (NYSE:ACFree Report) from a sell rating to a hold rating in a research note released on Tuesday morning.

Associated Capital Group Stock Up 0.5 %

AC stock opened at $35.32 on Tuesday. The company has a 50-day simple moving average of $36.59 and a 200 day simple moving average of $35.96. The company has a market capitalization of $750.09 million, a P/E ratio of 17.06 and a beta of 0.92. Associated Capital Group has a fifty-two week low of $28.58 and a fifty-two week high of $43.85.

Associated Capital Group (NYSE:ACGet Free Report) last released its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 EPS for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AC. OFI Invest Asset Management bought a new stake in Associated Capital Group in the fourth quarter worth about $1,092,000. Geode Capital Management LLC raised its holdings 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 purchasing an additional 4,841 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Associated Capital Group in the 4th quarter worth approximately $149,000. Northern Trust Corp lifted its stake in Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 2,755 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after buying an additional 697 shares in the last quarter. Institutional investors own 8.14% of the company’s stock.

About Associated Capital Group

(Get Free Report)

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.

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