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

StockNews.com downgraded shares of Associated Capital Group (NYSE:AC) from a hold rating to a sell rating in a report issued on Tuesday morning.

Associated Capital Group Stock Performance

Shares of NYSE:AC opened at $36.91 on Tuesday. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85. The firm has a market cap of $783.99 million, a PE ratio of 17.83 and a beta of 0.88. The firm’s fifty day moving average is $36.32 and its 200-day moving average is $35.60.

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

Institutional Trading of Associated Capital Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AC. OFI Invest Asset Management bought a new stake in shares of Associated Capital Group in the 4th quarter valued at $1,092,000. Geode Capital Management LLC boosted its position in Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 4,841 shares during the last quarter. Empowered Funds LLC acquired a new stake in Associated Capital Group during the 4th quarter worth about $149,000. Northern Trust Corp raised its position in shares of Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock worth $630,000 after acquiring an additional 2,755 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $25,000 after purchasing an additional 697 shares during the period. Institutional investors and hedge funds own 8.14% of the company’s stock.

About Associated Capital Group

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.