Associated Capital Group (NYSE:AC) Trading 2.4% Higher – Still a Buy?

Associated Capital Group, Inc. (NYSE:AC) was up 2.4% on Friday . The stock traded as high as $39.10 and last traded at $38.99. Approximately 4,992 shares were traded during trading, a decline of 15% from the average daily volume of 5,886 shares. The stock had previously closed at $38.09.

Analyst Ratings Changes

Separately, StockNews.com raised Associated Capital Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th.

Associated Capital Group Trading Up 0.6 %

The stock has a market cap of $814.12 million, a price-to-earnings ratio of 18.52 and a beta of 0.92. The firm has a fifty day simple moving average of $36.84 and a 200-day simple moving average of $36.15.

Associated Capital Group (NYSE:AC) last announced 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 Investors Weigh In On Associated Capital Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after buying an additional 697 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Associated Capital Group during the fourth quarter worth approximately $149,000. Northern Trust Corp lifted its position 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 worth $630,000 after purchasing an additional 2,755 shares during the period. Geode Capital Management LLC lifted its position in Associated Capital Group by 28.4% during the third 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 during the period. Finally, OFI Invest Asset Management acquired a new stake in Associated Capital Group during the fourth quarter worth about $1,092,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.