Associated Capital Group (NYSE:AC) Sees Large Volume Increase - Still a 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) shares 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.

Analysts Set New Price Targets

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 Stock Down 0.2%

The company has a market cap of $698.52 million, a price-to-earnings ratio of 13.09 and a beta of 0.57. The firm has a 50-day simple moving average of $36.55 and a 200 day simple moving average of $36.52.

Associated Capital Group (NYSE:AC - Get Free Report) last released its quarterly earnings results 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Associated Capital Group stock. Geode Capital Management LLC lifted its holdings in Associated Capital Group, Inc. (NYSE:AC - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,049 shares of the financial services provider's stock after buying an additional 1,135 shares during the quarter. Geode Capital Management LLC owned 0.11% of Associated Capital Group worth $790,000 as of its most recent SEC filing. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.