Associated Capital Group (NYSE:AC) Stock Rating Lowered by StockNews.com

Associated Capital Group (NYSE:AC) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Associated Capital Group Trading Up 2.8 %

NYSE AC opened at $36.97 on Friday. The company has a market cap of $785.13 million, a PE ratio of 14.06 and a beta of 0.87. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85. The stock has a 50 day moving average of $36.56 and a 200-day moving average of $34.41.

Institutional Trading of Associated Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of AC. Quent Capital LLC bought a new position in shares of Associated Capital Group during the 3rd quarter worth approximately $240,000. Dynamic Advisor Solutions LLC lifted 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 during 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 valued at $776,000 after purchasing an additional 4,841 shares during the last quarter. Renaissance Technologies LLC boosted its position in Associated Capital Group by 3.3% during 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 during the period. Finally, OFI Invest Asset Management acquired a new position in shares of Associated Capital Group in the second quarter valued at $1,244,000. 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.