Associated Capital Group (NYSE:AC) Raised to “Buy” at StockNews.com

Associated Capital Group (NYSE:AC) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Associated Capital Group Price Performance

Shares of AC stock opened at $35.98 on Thursday. Associated Capital Group has a fifty-two week low of $28.58 and a fifty-two week high of $43.85. The stock’s 50-day moving average is $35.73 and its two-hundred day moving average is $34.78. The firm has a market cap of $764.28 million, a P/E ratio of 13.68 and a beta of 0.87.

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

Institutional Trading of Associated Capital Group

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 697 shares during the period. Quent Capital LLC acquired a new stake in shares of Associated Capital Group in the third quarter valued at about $240,000. Dynamic Advisor Solutions LLC grew its position in shares of Associated Capital Group by 2.4% in the third 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 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 during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Associated Capital Group by 3.3% during the 2nd 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 last quarter. 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.