Associated Capital Group, Inc. (NYSE:AC) Short Interest Down 6.1% in March

Associated Capital Group, Inc. (NYSE:AC) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 9,300 shares, a decrease of 6.1% from the March 15th total of 9,900 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in Associated Capital Group by 23.8% in the 1st quarter. FMR LLC now owns 1,464 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 281 shares during the period. Deutsche Bank AG increased its holdings in shares of Associated Capital Group by 13.5% during the first quarter. Deutsche Bank AG now owns 2,576 shares of the financial services provider’s stock worth $95,000 after purchasing an additional 306 shares during the period. State Street Corp increased its holdings in shares of Associated Capital Group by 0.9% during the first quarter. State Street Corp now owns 37,337 shares of the financial services provider’s stock worth $1,565,000 after purchasing an additional 331 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Associated Capital Group by 33.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,457 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 368 shares during the period. Finally, Barclays PLC increased its holdings in shares of Associated Capital Group by 87.7% during the first quarter. Barclays PLC now owns 858 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 401 shares during the period. 8.14% of the stock is owned by institutional investors.

Associated Capital Group Stock Up 0.2 %

Associated Capital Group stock opened at $32.30 on Thursday. The stock has a market cap of $694.13 million, a P/E ratio of 18.78 and a beta of 0.90. Associated Capital Group has a twelve month low of $31.32 and a twelve month high of $40.55. The company’s 50-day moving average price is $32.95 and its two-hundred day moving average price is $33.82.

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

About Associated Capital Group

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.