Associated Capital Group (NYSE:AC) Cut to Hold at StockNews.com

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

Associated Capital Group Price Performance

Shares of Associated Capital Group stock opened at $36.19 on Friday. Associated Capital Group has a 1-year low of $28.58 and a 1-year high of $43.85. The company’s fifty day simple moving average is $35.71 and its 200-day simple moving average is $34.94. The stock has a market capitalization of $768.68 million, a PE ratio of 13.76 and a beta of 0.87.

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 firm had revenue of $2.42 million for the quarter. Associated Capital Group had a return on equity of 6.21% and a net margin of 412.90%.

Institutional Investors Weigh In On Associated Capital Group

Several large investors have recently bought and sold shares of AC. JPMorgan Chase & Co. lifted 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 worth $25,000 after acquiring an additional 697 shares during the last quarter. Empowered Funds LLC bought a new stake in Associated Capital Group in the fourth quarter worth about $149,000. Quent Capital LLC purchased a new position in shares of Associated Capital Group during the third quarter valued at approximately $240,000. Dynamic Advisor Solutions LLC grew its stake 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 buying an additional 298 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Associated Capital Group by 28.4% in the third 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 period. Institutional investors 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.