Associated Capital Group (NYSE:AC) Cut to Sell at StockNews.com

StockNews.com lowered shares of Associated Capital Group (NYSE:ACFree Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Associated Capital Group Trading Down 0.8 %

Shares of AC stock opened at $36.91 on Tuesday. The stock has a market cap of $783.99 million, a P/E ratio of 17.83 and a beta of 0.88. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The stock has a 50 day simple moving average of $36.32 and a 200 day simple moving average of $35.60.

Associated Capital Group (NYSE:ACGet Free Report) last released its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

Hedge Funds Weigh In On Associated Capital Group

Several hedge funds and other institutional investors have recently made changes to their positions in AC. Northern Trust Corp boosted its position in shares of 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 worth $630,000 after acquiring an additional 2,755 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $790,000 after purchasing an additional 1,135 shares during the last quarter. OFI Invest Asset Management bought a new position in Associated Capital Group in the fourth quarter valued at about $1,092,000. Empowered Funds LLC bought a new stake in shares of Associated Capital Group during the 4th quarter valued at approximately $149,000. Finally, JPMorgan Chase & Co. lifted its stake in Associated Capital Group by 11,616.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 697 shares during the last quarter. 8.14% of the stock is currently owned by institutional investors and hedge funds.

About Associated Capital Group

(Get Free Report)

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.

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