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

StockNews.com upgraded shares of Associated Capital Group (NYSE:AC) 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:AC) 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

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.