Associated Capital Group (NYSE:AC) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Associated Capital Group (NYSE:AC) in a research report released on Saturday. The firm issued a hold rating on the financial services provider’s stock.

Associated Capital Group Price Performance

Shares of NYSE:AC opened at $38.37 on Friday. The company has a market capitalization of $814.95 million, a P/E ratio of 18.54 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 firm’s 50 day simple moving average is $35.73 and its two-hundred day simple moving average is $35.15.

Associated Capital Group (NYSE:AC) 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 net margin of 336.45% and a return on equity of 4.88%.

Hedge Funds Weigh In On Associated Capital Group

Several hedge funds have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC boosted its stake in Associated Capital Group by 2.4% during the third quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after buying an additional 298 shares during the last quarter. JPMorgan Chase & Co. boosted its position 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 valued at $25,000 after acquiring an additional 697 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Associated Capital Group in the fourth quarter valued at $149,000. Geode Capital Management LLC grew its holdings in shares of Associated Capital Group by 28.4% in the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after purchasing an additional 4,841 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group in the fourth quarter worth $1,092,000. Hedge funds and other institutional investors own 8.14% of the company’s stock.

About Associated Capital Group

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.