Associated Capital Group, Inc. (NYSE:AC) Short Interest Update

Associated Capital Group, Inc. (NYSE:ACGet Rating) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 23,200 shares, a decrease of 78.4% from the March 31st total of 107,500 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 10,800 shares, the days-to-cover ratio is presently 2.1 days.

In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al acquired 2,000 shares of the stock in a transaction dated Thursday, March 31st. The stock was acquired at an average cost of $28.98 per share, with a total value of $57,960.00. Following the transaction, the insider now owns 510 shares in the company, valued at approximately $14,779.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have bought 18,500 shares of company stock valued at $508,860. Insiders own 85.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. acquired a new stake in shares of Associated Capital Group in the 3rd quarter worth approximately $555,000. Dimensional Fund Advisors LP grew its holdings in shares of Associated Capital Group by 15.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 67,440 shares of the financial services provider’s stock worth $2,523,000 after acquiring an additional 8,962 shares during the period. Barclays PLC grew its holdings in shares of Associated Capital Group by 205.7% in the 3rd quarter. Barclays PLC now owns 703 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 473 shares during the period. Bank of America Corp DE grew its holdings in shares of Associated Capital Group by 27.2% in the 4th quarter. Bank of America Corp DE now owns 2,756 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 590 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Associated Capital Group by 278.8% in the 4th quarter. BNP Paribas Arbitrage SA now owns 1,750 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 1,288 shares during the period. Institutional investors and hedge funds own 9.90% of the company’s stock.

Shares of AC stock opened at $40.99 on Thursday. The company has a market cap of $903.87 million, a price-to-earnings ratio of 15.35 and a beta of 1.19. The stock has a 50 day simple moving average of $39.71 and a 200-day simple moving average of $40.64. Associated Capital Group has a 12-month low of $34.49 and a 12-month high of $47.50.

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

Separately, StockNews.com started coverage on Associated Capital Group in a report on Tuesday, April 19th. They issued a “hold” rating for the company.

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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