Associated Capital Group (NYSE:AC) Stock Rating Upgraded by StockNews.com

Associated Capital Group (NYSE:AC) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Associated Capital Group Stock Up 0.2 %

Associated Capital Group stock traded up $0.07 during midday trading on Monday, reaching $36.39. The stock had a trading volume of 1,534 shares, compared to its average volume of 11,180. The firm has a market capitalization of $774.02 million, a PE ratio of 13.84 and a beta of 0.86. Associated Capital Group has a 12 month low of $28.58 and a 12 month high of $43.85. The firm’s 50-day moving average price is $35.37 and its 200 day moving average price is $33.90.

Institutional Investors Weigh In On Associated Capital Group

Several institutional investors have recently modified their holdings of AC. Quent Capital LLC bought a new stake in shares of Associated Capital Group in the 1st quarter worth about $222,000. OFI Invest Asset Management bought a new position in shares of Associated Capital Group during the 2nd quarter worth approximately $1,244,000. Renaissance Technologies LLC increased its stake in Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 800 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of Associated Capital Group by 2.4% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 12,675 shares of the financial services provider’s stock valued at $449,000 after acquiring an additional 298 shares during the last quarter. 8.14% of the stock is owned by hedge funds and other 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.