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

Associated Capital Group (NYSE:AC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Associated Capital Group Price Performance

Shares of AC opened at $36.19 on Monday. The firm has a market cap of $769.76 million, a PE ratio of 14.21 and a beta of 0.86. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The stock’s fifty day moving average price is $35.43 and its two-hundred day moving average price is $33.92.

Institutional Investors Weigh In On Associated Capital Group

Institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC grew its holdings in Associated Capital Group by 2.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after buying an additional 298 shares in the last quarter. Quent Capital LLC purchased a new position in Associated Capital Group during the third quarter valued at approximately $240,000. Renaissance Technologies LLC increased its holdings in Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 800 shares during the period. Finally, OFI Invest Asset Management purchased a new stake in Associated Capital Group in the 2nd quarter worth approximately $1,244,000. Hedge funds and other institutional investors own 8.14% of the company’s stock.

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.