Associated Capital Group (NYSE:AC) Downgraded by StockNews.com to Sell

Associated Capital Group (NYSE:AC) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

Associated Capital Group Stock Performance

Shares of NYSE:AC opened at $37.03 on Tuesday. Associated Capital Group has a 52-week low of $28.58 and a 52-week high of $43.85. The company has a market capitalization of $786.52 million, a P/E ratio of 17.89 and a beta of 0.88. The company has a 50-day simple moving average of $36.29 and a 200 day simple moving average of $35.59.

Associated Capital Group (NYSE:AC) last released its quarterly earnings data on Wednesday, February 5th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

Hedge Funds Weigh In On Associated Capital Group

Several institutional investors and hedge funds have recently modified their holdings of 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 worth $25,000 after buying an additional 697 shares during the period. Empowered Funds LLC acquired a new position in shares of Associated Capital Group in the fourth quarter valued at about $149,000. Northern Trust Corp increased its position in Associated Capital Group by 17.6% during the fourth quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock worth $630,000 after acquiring an additional 2,755 shares during the period. Geode Capital Management LLC raised its stake in Associated Capital Group by 28.4% in the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares in the last quarter. Finally, OFI Invest Asset Management bought a new stake in Associated Capital Group in the 4th quarter valued at about $1,092,000. 8.14% of the stock is currently owned by institutional investors and hedge funds.

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.