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

StockNews.com began coverage on shares of Associated Capital Group (NYSE:AC) in a research note issued to investors on Sunday. The firm issued a hold rating on the financial services provider’s stock.

Associated Capital Group Price Performance

Shares of NYSE AC opened at $39.40 on Friday. Associated Capital Group has a 1 year low of $28.58 and a 1 year high of $43.85. The firm has a 50-day moving average of $36.06 and a 200 day moving average of $35.36. The stock has a market cap of $836.86 million, a P/E ratio of 19.03 and a beta of 0.88.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its stake 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 worth $776,000 after purchasing an additional 4,841 shares in the last quarter. Northern Trust Corp boosted its holdings in Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock worth $630,000 after buying an additional 2,755 shares during the period. OFI Invest Asset Management purchased a new stake in Associated Capital Group in the 4th quarter worth $1,092,000. Empowered Funds LLC bought a new stake in Associated Capital Group during the fourth quarter valued at about $149,000. Finally, JPMorgan Chase & Co. raised its holdings in Associated Capital Group by 11,616.7% during the third 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 period. Hedge funds and other institutional investors 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.