Alternative Investment

Associated Capital Group (NYSE:AC) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Associated Capital Group (NYSE:ACGet Rating) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the financial services provider’s stock.

Separately, TheStreet lowered Associated Capital Group from a “c” rating to a “d+” rating in a research note on Tuesday, September 20th.

Associated Capital Group Stock Up 0.4 %

Shares of AC stock opened at $41.00 on Friday. The stock has a market cap of $902.41 million, a P/E ratio of -25.79 and a beta of 1.13. Associated Capital Group has a fifty-two week low of $33.69 and a fifty-two week high of $47.50. The business has a fifty day simple moving average of $39.44 and a 200-day simple moving average of $38.83.

Associated Capital Group (NYSE:ACGet Rating) last posted its earnings results on Wednesday, August 3rd. The financial services provider reported ($1.36) earnings per share for the quarter. Associated Capital Group had a negative net margin of 165.46% and a negative return on equity of 3.83%. The business had revenue of $2.55 million for the quarter.

Insider Transactions at Associated Capital Group

In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the stock in a transaction dated Thursday, October 13th. The stock was acquired at an average price of $29.31 per share, with a total value of $29,310.00. Following the completion of the transaction, the insider now directly owns 30,000 shares in the company, valued at $879,300. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 4,400 shares of company stock worth $113,244 over the last ninety days. 85.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Associated Capital Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Associated Capital Group by 0.5% in the first quarter. Vanguard Group Inc. now owns 198,258 shares of the financial services provider’s stock worth $8,309,000 after acquiring an additional 1,021 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Associated Capital Group by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 73,597 shares of the financial services provider’s stock worth $3,084,000 after purchasing an additional 4,248 shares in the last quarter. State Street Corp boosted its position in shares of Associated Capital Group by 0.9% in the first quarter. State Street Corp now owns 37,337 shares of the financial services provider’s stock worth $1,565,000 after buying an additional 331 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of Associated Capital Group in the first quarter valued at about $242,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Associated Capital Group during the 2nd quarter valued at about $218,000. Institutional investors and hedge funds own 9.81% of the company’s stock.

Associated Capital Group Company Profile

(Get Rating)

Associated Capital Group, Inc provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

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