Associated Capital Group (NYSE:AC) Upgraded at StockNews.com

StockNews.com upgraded shares of Associated Capital Group (NYSE:AC) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Associated Capital Group Trading Up 0.1 %

Shares of AC stock opened at $35.98 on Thursday. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85. The company has a market capitalization of $764.17 million, a P/E ratio of 13.68 and a beta of 0.87. The stock has a 50 day moving average of $35.73 and a two-hundred day moving average of $34.81.

Associated Capital Group (NYSE:AC) last issued its earnings results on Friday, November 8th. The financial services provider reported $1.09 EPS for the quarter. The firm had revenue of $2.42 million during the quarter. Associated Capital Group had a return on equity of 6.21% and a net margin of 412.90%.

Associated Capital Group Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a $0.10 dividend. This represents a yield of 0.6%. The ex-dividend date was Thursday, December 5th. Associated Capital Group’s dividend payout ratio (DPR) is presently 7.60%.

Institutional Investors Weigh In On Associated Capital Group

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake 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 worth $25,000 after buying an additional 697 shares during the last quarter. Quent Capital LLC bought a new stake in Associated Capital Group during the 3rd quarter worth approximately $240,000. Dynamic Advisor Solutions LLC increased its holdings in Associated Capital Group by 2.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after purchasing an additional 298 shares in the last quarter. Geode Capital Management LLC raised its position in Associated Capital Group by 28.4% in the 3rd 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Associated Capital Group by 3.3% in the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 800 shares in the last quarter. 8.14% of the stock is currently owned by institutional investors.

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.