Associated Capital Group (NYSE:AC) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Associated Capital Group (NYSE:AC) in a research report released on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Associated Capital Group Trading Up 5.3 %

Shares of AC opened at $38.37 on Friday. The company’s fifty day simple moving average is $35.73 and its 200-day simple moving average is $35.15. The company has a market cap of $814.95 million, a P/E ratio of 18.54 and a beta of 0.88. Associated Capital Group has a twelve month low of $28.58 and a twelve month high of $43.85.

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 for the quarter. Associated Capital Group had a net margin of 336.45% and a return on equity of 4.88%.

Institutional Trading of Associated Capital Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Advisor Solutions LLC increased its stake in Associated Capital Group by 2.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock worth $449,000 after buying an additional 298 shares during the period. Geode Capital Management LLC grew its stake in 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 acquiring an additional 4,841 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 697 shares during the period. Empowered Funds LLC bought a new stake in shares of Associated Capital Group during the fourth quarter valued at approximately $149,000. Finally, OFI Invest Asset Management bought a new stake in shares of Associated Capital Group during the fourth quarter valued at approximately $1,092,000. 8.14% of the stock is currently owned by institutional investors.

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.