Associated Capital Group (NYSE:AC) Stock Price Crosses Below 50 Day Moving Average of $32.89

Associated Capital Group, Inc. (NYSE:AC)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $32.89 and traded as low as $32.58. Associated Capital Group shares last traded at $32.78, with a volume of 1,645 shares trading hands.

Associated Capital Group Stock Up 0.2 %

The business has a 50 day moving average of $32.89 and a 200 day moving average of $33.71. The company has a market capitalization of $704.54 million, a P/E ratio of 19.06 and a beta of 0.90.

Associated Capital Group (NYSE:AC) last announced its quarterly earnings results on Tuesday, February 6th. The financial services provider reported $0.76 EPS for the quarter. Associated Capital Group had a return on equity of 4.15% and a net margin of 295.29%. The company had revenue of $5.64 million during the quarter.

Hedge Funds Weigh In On Associated Capital Group

An institutional investor recently raised its position in Associated Capital Group stock. Dynamic Advisor Solutions LLC grew its stake in Associated Capital Group, Inc. (NYSE:AC) by 53.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,514 shares of the financial services provider’s stock after purchasing an additional 4,375 shares during the period. Dynamic Advisor Solutions LLC owned approximately 0.06% of Associated Capital Group worth $430,000 at the end of the most recent reporting period. 8.14% of the stock is owned by 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.