Associated Capital Group (NYSE:AC) Earns Hold Rating from Analysts at StockNews.com

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

Associated Capital Group Stock Down 0.3 %

AC stock opened at $36.73 on Friday. The firm has a market cap of $780.06 million, a price-to-earnings ratio of 17.74 and a beta of 0.88. The company’s fifty day simple moving average is $35.73 and its 200 day simple moving average is $35.15. Associated Capital Group has a 12-month low of $28.58 and a 12-month high of $43.85.

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

Hedge Funds Weigh In On Associated Capital Group

A number of institutional investors have recently modified their holdings of AC. JPMorgan Chase & Co. boosted its stake in shares of Associated Capital Group by 11,616.7% in the 3rd 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. Empowered Funds LLC purchased a new stake in Associated Capital Group during the fourth quarter valued at about $149,000. Dynamic Advisor Solutions LLC boosted its position 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 worth $449,000 after purchasing an additional 298 shares during the period. 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. Finally, OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group during the 4th quarter valued at approximately $1,092,000. 8.14% of the stock is owned by institutional investors and hedge funds.

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.