Associated Capital Group (NYSE:AC) Stock Rating Upgraded by StockNews.com

Associated Capital Group (NYSE:AC) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Associated Capital Group Stock Up 2.9 %

Shares of NYSE AC opened at $36.08 on Tuesday. The firm has a market cap of $766.23 million, a P/E ratio of 17.43 and a beta of 0.92. The company has a 50 day moving average of $36.61 and a 200 day moving average of $35.96. Associated Capital Group has a twelve month low of $28.58 and a twelve month high of $43.85.

Associated Capital Group (NYSE:AC) last announced its earnings results on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share 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

A number of hedge funds have recently modified their holdings of AC. OFI Invest Asset Management bought a new stake in shares of Associated Capital Group during the 4th quarter valued at $1,092,000. Geode Capital Management LLC boosted its holdings in 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 buying an additional 4,841 shares during the period. Empowered Funds LLC bought a new position in Associated Capital Group in the 4th quarter worth $149,000. Northern Trust Corp boosted its holdings in Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock worth $630,000 after buying an additional 2,755 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 697 shares during the period. 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.