Alternative Investment Initiates Coverage on Associated Capital Group (NYSE:AC)

Research analysts at started coverage on shares of Associated Capital Group (NYSE:ACGet Rating) in a report issued on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

Separately, TheStreet upgraded shares of Associated Capital Group from a “d+” rating to a “c-” rating in a report on Friday, November 11th.

Associated Capital Group Price Performance

Shares of NYSE AC opened at $40.60 on Thursday. Associated Capital Group has a 1-year low of $33.69 and a 1-year high of $47.50. The company has a market cap of $893.65 million, a price-to-earnings ratio of -16.85 and a beta of 1.13. The stock’s 50-day moving average is $39.57 and its two-hundred day moving average is $39.11.

Insider Buying and Selling at Associated Capital Group

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of Associated Capital Group stock in a transaction dated Thursday, October 13th. The stock was acquired at an average cost of $29.31 per share, with a total value of $29,310.00. Following the purchase, the insider now directly owns 30,000 shares in the company, valued at approximately $879,300. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 85.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its stake in shares of Associated Capital Group by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 73,597 shares of the financial services provider’s stock valued at $3,084,000 after purchasing an additional 4,248 shares during the period. Vanguard Group Inc. raised its stake in Associated Capital Group by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 198,258 shares of the financial services provider’s stock worth $8,309,000 after buying an additional 1,021 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in shares of Associated Capital Group during the first quarter worth $242,000. State Street Corp grew its holdings in shares of Associated Capital Group by 0.9% during 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 in the last quarter. Finally, Dynamic Advisor Solutions LLC acquired a new position in shares of Associated Capital Group during the 2nd quarter worth about $272,000. Institutional investors own 9.81% of the company’s stock.

About Associated Capital Group

(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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