Associated Capital Group (NYSE:AC) Share Price Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• Associated Capital Group's stock price fell below its 50-day moving average of $36.55, trading as low as $32.62 before closing at $33.12.
• Wall Street analysts upgraded the company's rating from "sell" to "hold", indicating a more favorable outlook.
• Geode Capital Management recently increased its stake in Associated Capital Group by 5.2%, reflecting continued institutional interest in the stock.

Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $36.55 and traded as low as $32.62. Associated Capital Group shares last traded at $33.12, with a volume of 5,551 shares.

Wall Street Analyst Weigh In

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

Associated Capital Group Stock Performance

The company has a market capitalization of $696.81 million, a price-to-earnings ratio of 13.06 and a beta of 0.60. The company has a fifty day simple moving average of $36.37 and a two-hundred day simple moving average of $36.42.

Associated Capital Group (NYSE:AC - Get Free Report) last released its 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. Northern Trust Corp increased its stake in Associated Capital Group, Inc. (NYSE:AC - Free Report) by 17.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,375 shares of the financial services provider's stock after acquiring an additional 2,755 shares during the period. Northern Trust Corp owned approximately 0.09% of Associated Capital Group worth $630,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.