Associated Capital Group, Inc. (NYSE:AC) Short Interest Update

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 6,900 shares, a drop of 16.9% from the March 31st total of 8,300 shares. Based on an average trading volume of 5,900 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Associated Capital Group

Several institutional investors and 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 worth about $1,092,000. Geode Capital Management LLC boosted its position in shares of Associated Capital Group by 5.2% during the 4th 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 in the last quarter. Northern Trust Corp increased its stake in shares of 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 valued at $630,000 after purchasing an additional 2,755 shares during the last quarter. Empowered Funds LLC acquired a new position in Associated Capital Group during the fourth quarter worth about $149,000. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $25,000 after purchasing an additional 697 shares during the last quarter. 8.14% of the stock is currently owned by institutional investors and hedge funds.

Associated Capital Group Stock Performance

AC traded up $0.08 on Wednesday, hitting $34.59. 1,028 shares of the company were exchanged, compared to its average volume of 6,252. The company has a market cap of $731.65 million, a PE ratio of 16.71 and a beta of 0.61. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85. The stock's fifty day moving average is $35.46 and its 200-day moving average is $36.00.

Associated Capital Group (NYSE:AC - Get Free Report) 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%.

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.