Short Interest in Associated Capital Group, Inc. (NYSE:AC) Decreases By 45.4%

Associated Capital Group, Inc. (NYSE:ACGet Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 8,300 shares, a decrease of 45.4% from the February 13th total of 15,200 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the company’s stock are short sold.

Institutional Trading of Associated Capital Group

Hedge funds have recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in Associated Capital Group in the fourth quarter valued at approximately $1,092,000. Geode Capital Management LLC increased its stake in Associated Capital Group by 5.2% in the fourth 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. Northern Trust Corp increased its stake in Associated Capital Group by 17.6% in the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 2,755 shares during the last quarter. Empowered Funds LLC purchased a new position in Associated Capital Group in the fourth quarter valued at approximately $149,000. Finally, JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 697 shares during the last quarter. Institutional investors and hedge funds own 8.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Associated Capital Group from a “hold” rating to a “sell” rating in a research report on Friday, March 7th.

Read Our Latest Stock Analysis on Associated Capital Group

Associated Capital Group Trading Up 2.1 %

NYSE:AC traded up $0.74 during mid-day trading on Friday, hitting $35.62. The stock had a trading volume of 2,343 shares, compared to its average volume of 5,342. The stock has a 50-day simple moving average of $36.60 and a two-hundred day simple moving average of $35.88. The company has a market capitalization of $756.46 million, a PE ratio of 17.21 and a beta of 0.92. Associated Capital Group has a twelve month low of $28.58 and a twelve month high of $43.85.

Associated Capital Group (NYSE:ACGet Free Report) last issued 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 net margin of 336.45% and a return on equity of 4.88%.

Associated Capital Group Company Profile

(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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