Associated Capital Group, Inc. (NYSE:AC - Get Free Report) shares saw strong trading volume on Monday . 4,529 shares traded hands during mid-day trading, a decline of 1% from the previous session's volume of 4,570 shares.The stock last traded at $35.44 and had previously closed at $36.66.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Associated Capital Group from a "sell" rating to a "hold" rating in a report on Saturday, May 31st.
Check Out Our Latest Analysis on Associated Capital Group
Associated Capital Group Trading Down 5.4%
The stock has a market cap of $731.32 million, a price-to-earnings ratio of 13.51 and a beta of 0.57. The firm has a fifty day simple moving average of $37.31 and a 200 day simple moving average of $36.73.
Associated Capital Group (NYSE:AC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.88 earnings per share for the quarter. Associated Capital Group had a return on equity of 5.98% and a net margin of 451.70%.
Insider Buying and Selling at Associated Capital Group
In related news, major shareholder Mario J. Gabelli purchased 1,549 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average cost of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider owned 27,152 shares of the company's stock, valued at $1,179,754.40. This trade represents a 6.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 88.73% of the company's stock.
Institutional Investors Weigh In On Associated Capital Group
A hedge fund recently raised its stake in Associated Capital Group stock. Geode Capital Management LLC boosted its holdings in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,049 shares of the financial services provider's stock after acquiring an additional 1,135 shares during the period. Geode Capital Management LLC owned 0.11% of Associated Capital Group worth $790,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 8.14% of the company's stock.
About Associated Capital Group
(
Get Free Report)
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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