Associated Capital Group (NYSE:AC) Cut to "Sell" at StockNews.com

Associated Capital Group (NYSE:AC - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Thursday.

Associated Capital Group Stock Up 0.0%

AC traded up $0.01 during trading on Thursday, reaching $37.14. The company had a trading volume of 226 shares, compared to its average volume of 5,099. Associated Capital Group has a 52 week low of $28.58 and a 52 week high of $43.85. The business has a 50 day simple moving average of $35.56 and a 200-day simple moving average of $36.04. The stock has a market cap of $784.98 million, a P/E ratio of 17.94 and a beta of 0.61.

Associated Capital Group (NYSE:AC - Get Free Report) last released its earnings results on Thursday, May 8th. The financial services provider reported $0.36 earnings per share for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

Institutional Trading of Associated Capital Group

Several large investors have recently bought and sold shares of AC. Northern Trust Corp lifted its stake in shares of Associated Capital Group by 17.6% during the fourth 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. Geode Capital Management LLC raised its stake in Associated Capital Group by 5.2% in 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 during the last quarter. OFI Invest Asset Management acquired a new stake in Associated Capital Group during the 4th quarter worth about $1,092,000. Empowered Funds LLC purchased a new stake in Associated Capital Group during the 4th quarter valued at about $149,000. Finally, JPMorgan Chase & Co. grew its stake in 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 purchasing 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.

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