Associated Capital Group (NYSE:AC) Sees Unusually-High Trading Volume – What’s Next?

Associated Capital Group, Inc. (NYSE:AC) saw unusually-high trading volume on Monday . Approximately 13,708 shares were traded during mid-day trading, an increase of 147% from the previous session’s volume of 5,555 shares.The stock last traded at $33.91 and had previously closed at $33.99.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Associated Capital Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 18th.

Associated Capital Group Trading Up 1.2 %

The stock has a fifty day moving average of $36.50 and a two-hundred day moving average of $36.24. The company has a market capitalization of $727.42 million, a PE ratio of 16.61 and a beta of 0.74.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp increased its stake in shares of Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock valued at $630,000 after buying an additional 2,755 shares during the period. Geode Capital Management LLC boosted its stake in shares of Associated Capital Group by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider’s stock valued at $790,000 after purchasing an additional 1,135 shares in the last quarter. OFI Invest Asset Management bought a new position in Associated Capital Group in the fourth quarter worth about $1,092,000. Empowered Funds LLC bought a new stake in Associated Capital Group during the 4th quarter valued at approximately $149,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Associated Capital Group by 11,616.7% during 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. 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.