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

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

Associated Capital Group Price Performance

Shares of Associated Capital Group stock traded up $0.07 during midday trading on Monday, reaching $36.39. The company had a trading volume of 1,534 shares, compared to its average volume of 11,180. The stock has a fifty day moving average price of $35.37 and a 200 day moving average price of $33.90. The firm has a market cap of $774.02 million, a PE ratio of 13.84 and a beta of 0.86. Associated Capital Group has a fifty-two week low of $28.58 and a fifty-two week high of $43.85.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Associated Capital Group during the 1st quarter valued at about $222,000. Dynamic Advisor Solutions LLC lifted its stake in shares of 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 valued at $449,000 after purchasing an additional 298 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Associated Capital Group by 3.3% in the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 800 shares during the period. Finally, OFI Invest Asset Management purchased a new position in Associated Capital Group during the second quarter valued at $1,244,000. Hedge funds and other 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.