Associated Capital Group (NYSE:AC) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Associated Capital Group (NYSE: AC) experienced a significant increase in trading volume, with approximately 19,958 shares traded, marking a 308% rise from the previous session.
• The company's stock price has fluctuated, currently trading at $32.93, down from a prior close of $33.58.
• Analyst ratings have shifted, with Wall Street Zen upgrading Associated Capital Group's rating from “sell” to “hold”.

Associated Capital Group, Inc. (NYSE:AC - Get Free Report) saw unusually-high trading volume on Monday . Approximately 19,958 shares changed hands during trading, an increase of 308% from the previous session's volume of 4,891 shares.The stock last traded at $32.93 and had previously closed at $33.58.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Associated Capital Group from a "sell" rating to a "hold" rating in a research report on Saturday, May 31st.

Associated Capital Group Price Performance

The business has a 50 day moving average price of $36.97 and a 200 day moving average price of $36.65. The firm has a market capitalization of $694.54 million, a P/E ratio of 13.01 and a beta of 0.57.

Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.88 EPS for the quarter. Associated Capital Group had a return on equity of 5.98% and a net margin of 451.70%.

Insider Transactions at Associated Capital Group

In other Associated Capital Group news, major shareholder Mario J. Gabelli bought 1,549 shares of the stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider directly owned 27,152 shares of the company's stock, valued at $1,179,754.40. This represents a 6.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 88.73% of the stock is owned by company insiders.

Institutional Trading of Associated Capital Group

An institutional investor recently raised its position in Associated Capital Group stock. Geode Capital Management LLC boosted its position in shares of Associated Capital Group, Inc. (NYSE:AC - Free Report) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 approximately 0.11% of Associated Capital Group worth $790,000 at the end of the most recent quarter. 8.14% of the stock is owned by institutional investors and hedge funds.

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.

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