OFI Invest Asset Management Takes Position in Associated Capital Group, Inc. (NYSE:AC)

OFI Invest Asset Management bought a new stake in Associated Capital Group, Inc. (NYSE:AC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 33,000 shares of the financial services provider’s stock, valued at approximately $1,092,000. OFI Invest Asset Management owned approximately 0.16% of Associated Capital Group at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Empowered Funds LLC acquired a new stake in Associated Capital Group during the 4th quarter worth $149,000. 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 worth $25,000 after acquiring an additional 697 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after acquiring an additional 4,841 shares during the period. Institutional investors and hedge funds own 8.14% of the company’s stock.

Associated Capital Group Stock Performance

AC stock opened at $37.82 on Monday. Associated Capital Group, Inc. has a one year low of $28.58 and a one year high of $43.85. The stock has a market capitalization of $803.18 million, a PE ratio of 18.27 and a beta of 0.92. The company has a fifty day moving average of $36.54 and a 200-day moving average of $35.84.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Associated Capital Group from a “hold” rating to a “sell” rating in a research note on Friday.

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.