Associated Capital Group (NYSE:AC) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Associated Capital Group (NYSE:AC) in a research note issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Associated Capital Group Trading Down 1.8 %

Shares of NYSE AC opened at $39.22 on Friday. The firm has a fifty day simple moving average of $36.00 and a two-hundred day simple moving average of $35.31. The firm has a market capitalization of $833.03 million, a PE ratio of 18.95 and a beta of 0.88. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85.

Associated Capital Group (NYSE:AC) last issued its quarterly earnings data 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 Trading of Associated Capital Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 697 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Associated Capital Group by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider’s stock worth $790,000 after buying an additional 1,135 shares during the last quarter. Northern Trust Corp increased its position in Associated Capital Group by 17.6% during the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock valued at $630,000 after buying an additional 2,755 shares in the last quarter. Empowered Funds LLC purchased a new position in Associated Capital Group during the fourth quarter valued at $149,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group in the fourth quarter worth $1,092,000. 8.14% of the stock is owned by hedge funds and other institutional investors.

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.