Associated Capital Group (NYSE:AC) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Associated Capital Group, Inc. (NYSE:AC)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $36.70 and traded as low as $35.84. Associated Capital Group shares last traded at $36.20, with a volume of 3,761 shares changing hands.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Stock Performance

The stock has a market cap of $805.73 million, a P/E ratio of 18.33 and a beta of 0.92. The stock has a fifty day simple moving average of $36.79 and a 200-day simple moving average of $36.09.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (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 have recently made changes to their positions in the business. OFI Invest Asset Management bought a new position in shares of Associated Capital Group in the 4th quarter valued at about $1,092,000. Geode Capital Management LLC boosted its position in Associated Capital Group by 5.2% during the fourth 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 during the last quarter. Northern Trust Corp grew its stake in Associated Capital Group by 17.6% in the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 2,755 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Associated Capital Group during the 4th quarter worth approximately $149,000. Finally, JPMorgan Chase & Co. raised its stake 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 purchasing an additional 697 shares in 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.