Associated Capital Group (NYSE:AC) Trading Down 3.3% - Here's What Happened

Associated Capital Group, Inc. (NYSE:AC - Get Free Report)'s stock price was down 3.3% during mid-day trading on Tuesday . The stock traded as low as $33.55 and last traded at $32.95. Approximately 1,937 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 6,259 shares. The stock had previously closed at $34.06.

Wall Street Analysts Forecast Growth

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

Associated Capital Group Price Performance

The firm has a fifty day moving average of $35.79 and a two-hundred day moving average of $36.16. The stock has a market capitalization of $744.44 million, a P/E ratio of 17.00 and a beta of 0.74.

Associated Capital Group (NYSE:AC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 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

A number of hedge funds have recently made changes to their positions in AC. JPMorgan Chase & Co. increased its position in Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider's stock valued at $25,000 after buying an additional 697 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Associated Capital Group in the 4th quarter valued at about $149,000. Northern Trust Corp boosted its position in Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider's stock worth $630,000 after purchasing an additional 2,755 shares in the last quarter. Geode Capital Management LLC grew its position in Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider's stock valued at $776,000 after buying an additional 4,841 shares during the period. Finally, OFI Invest Asset Management acquired a new position in Associated Capital Group in the 4th quarter worth about $1,092,000. 8.14% of the stock is currently owned by hedge funds and other institutional investors.

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.