Associated Capital Group (NYSE:AC) Trading Up 2.4% – Should You Buy?

Shares of Associated Capital Group, Inc. (NYSE:AC) were up 2.4% on Friday . The stock traded as high as $39.10 and last traded at $38.99. Approximately 4,992 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 5,886 shares. The stock had previously closed at $38.09.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Stock Performance

The stock has a market capitalization of $835.99 million, a P/E ratio of 18.90 and a beta of 0.92. The business 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 issued its 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 Trading of Associated Capital Group

Large investors have recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in Associated Capital Group in the fourth quarter valued at approximately $1,092,000. Geode Capital Management LLC lifted its holdings 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 purchasing an additional 4,841 shares in the last quarter. Empowered Funds LLC acquired a new stake in Associated Capital Group in the 4th quarter valued at $149,000. Northern Trust Corp increased its stake in Associated Capital Group by 17.6% during the 4th 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. Finally, JPMorgan Chase & Co. raised its holdings in Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after buying an additional 697 shares during the last quarter. 8.14% of the stock is currently 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.