Associated Capital Group (NYSE:AC) Shares Up 2.4% – Time to Buy?

Associated Capital Group, Inc. (NYSE:AC) was up 2.4% on Friday . The company traded as high as $39.10 and last traded at $38.99. Approximately 4,992 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 5,886 shares. The stock had previously closed at $38.09.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Associated Capital Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th.

Associated Capital Group Price Performance

The company has a fifty day moving average of $36.84 and a 200-day moving average of $36.15. The firm has a market cap of $814.12 million, a P/E ratio of 18.52 and a beta of 0.92.

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

Institutional Trading of Associated Capital Group

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Associated Capital Group by 28.4% during the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 4,841 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 697 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Associated Capital Group during the fourth quarter valued at $149,000. OFI Invest Asset Management purchased a new stake in shares of Associated Capital Group during the fourth quarter valued at $1,092,000. Finally, Northern Trust Corp increased its holdings in Associated Capital Group by 17.6% in the 4th quarter. Northern Trust Corp now owns 18,375 shares of the financial services provider’s stock worth $630,000 after buying an additional 2,755 shares in the last quarter. Hedge funds and other institutional investors own 8.14% of the company’s stock.

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.