Associated Capital Group (NYSE:AC) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Associated Capital Group, Inc. (NYSE:AC) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.18 and traded as low as $33.40. Associated Capital Group shares last traded at $34.65, with a volume of 837 shares changing hands.

Analyst Ratings Changes

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

Associated Capital Group Stock Up 3.2 %

The firm has a market capitalization of $732.81 million, a price-to-earnings ratio of 16.74 and a beta of 0.74. The company’s 50 day moving average price is $36.05 and its 200 day moving average price is $36.18.

Associated Capital Group (NYSE:AC) last issued its quarterly 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 Investors Weigh In On Associated Capital Group

Large investors have recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in Associated Capital Group during the 4th quarter worth approximately $1,092,000. Geode Capital Management LLC raised its holdings in shares of 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 worth $776,000 after purchasing an additional 4,841 shares during the last quarter. Empowered Funds LLC purchased a new stake in Associated Capital Group in the fourth quarter valued at $149,000. Northern Trust Corp grew its position 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 worth $630,000 after purchasing an additional 2,755 shares during the period. 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 valued at $25,000 after buying an additional 697 shares during the last quarter. Hedge funds and other institutional investors 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.