Associated Capital Group (NYSE:AC) Sees Large Volume Increase – Here’s Why

Associated Capital Group, Inc. (NYSE:AC) shares saw strong trading volume on Monday . 13,708 shares changed hands during trading, an increase of 147% from the previous session’s volume of 5,555 shares.The stock last traded at $33.91 and had previously closed at $33.99.

Wall Street Analyst Weigh In

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

Associated Capital Group Trading Up 1.2 %

The firm’s 50 day moving average price is $36.50 and its 200-day moving average price is $36.24. The company has a market cap of $727.42 million, a P/E ratio of 16.61 and a beta of 0.74.

Associated Capital Group (NYSE:AC) last released 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 Inflows and Outflows

Several institutional investors have recently made changes to their positions in AC. JPMorgan Chase & Co. increased its holdings in shares of Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 697 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Associated Capital Group in the 4th quarter valued at approximately $149,000. Northern Trust Corp boosted its stake in shares of 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 valued at $630,000 after purchasing an additional 2,755 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Associated Capital Group by 28.4% during the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after buying an additional 4,841 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group during the fourth quarter valued at $1,092,000. Institutional investors and hedge funds 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.