Associated Capital Group (NYSE:AC) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $36.18 and traded as low as $33.40. Associated Capital Group shares last traded at $34.65, with a volume of 837 shares traded.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Stock Down 0.2 %

The stock has a fifty day moving average of $35.79 and a 200-day moving average of $36.15. The firm has a market capitalization of $736.41 million, a P/E ratio of 16.82 and a beta of 0.74.

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

Institutional Investors Weigh In On Associated Capital Group

Institutional investors and hedge funds have recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in Associated Capital Group during the 4th quarter worth about $1,092,000. Geode Capital Management LLC lifted its holdings in Associated Capital Group by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 23,049 shares of the financial services provider's stock valued at $790,000 after buying an additional 1,135 shares during the period. Northern Trust Corp raised its position in shares of Associated Capital Group by 17.6% during the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock valued at $630,000 after acquiring an additional 2,755 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Associated Capital Group in the 4th quarter valued at $149,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Associated Capital Group by 11,616.7% during the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock worth $25,000 after purchasing an additional 697 shares during the period. Institutional investors own 8.14% of the company's stock.

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.