Associated Capital Group (NYSE:AC) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Associated Capital Group (NYSE:AC – Get Rating) in a report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Associated Capital Group stock opened at $37.56 on Monday. The business’s 50-day moving average price is $39.93. The company has a market capitalization of $828.24 million, a price-to-earnings ratio of 14.07 and a beta of 1.19. Associated Capital Group has a one year low of $32.40 and a one year high of $47.50.

Associated Capital Group (NYSE:AC – Get Rating) last released its quarterly earnings results on Thursday, February 3rd. The financial services provider reported $0.43 EPS for the quarter. Associated Capital Group had a net margin of 282.94% and a return on equity of 6.37%.

In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of Associated Capital Group stock in a transaction dated Thursday, January 20th. The stock was bought at an average price of $26.15 per share, for a total transaction of $26,150.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders purchased a total of 8,500 shares of company stock valued at $232,210 in the last quarter. 85.38% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Barclays PLC lifted its stake in Associated Capital Group by 205.7% during the third quarter. Barclays PLC now owns 703 shares of the financial services provider’s stock valued at $27,000 after buying an additional 473 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in Associated Capital Group during the first quarter valued at about $52,000. BNP Paribas Arbitrage SA lifted its stake in Associated Capital Group by 278.8% during the fourth quarter. BNP Paribas Arbitrage SA now owns 1,750 shares of the financial services provider’s stock valued at $75,000 after buying an additional 1,288 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Associated Capital Group by 27.2% in the fourth quarter. Bank of America Corp DE now owns 2,756 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 590 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Associated Capital Group by 107.5% in the fourth quarter. JPMorgan Chase & Co. now owns 2,805 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,453 shares in the last quarter. 9.90% of the stock is owned by institutional investors.

About Associated Capital Group (Get Rating)

Associated Capital Group, Inc provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

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