Associated Capital Group (NYSE:AC) Upgraded at StockNews.com

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

Associated Capital Group Price Performance

Associated Capital Group stock opened at $35.85 on Tuesday. Associated Capital Group has a 12-month low of $28.58 and a 12-month high of $43.85. The stock has a market capitalization of $761.35 million, a P/E ratio of 17.32 and a beta of 0.92. The firm’s 50-day moving average is $36.63 and its two-hundred day moving average is $35.96.

Associated Capital Group (NYSE:AC) last released 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%.

Institutional Investors Weigh In On Associated Capital Group

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% in the third 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 last quarter. Geode Capital Management LLC boosted its position in shares of Associated Capital Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider’s stock worth $790,000 after acquiring an additional 1,135 shares during the last quarter. Northern Trust Corp boosted its position in shares of 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 worth $630,000 after acquiring an additional 2,755 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of Associated Capital Group in the fourth quarter worth approximately $149,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group in the fourth quarter worth approximately $1,092,000. 8.14% of the stock is owned by institutional investors and hedge funds.

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.