Associated Capital Group (NYSE:AC) had its target price raised by CIBC from $53.00 to $54.00 in a report released on Thursday morning, Stock Target Advisor reports.
Several other equities analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a buy rating and issued a $48.00 target price on shares of Associated Capital Group in a report on Friday, July 12th. Macquarie assumed coverage on Associated Capital Group in a report on Tuesday, October 8th. They issued an outperform rating and a $58.00 target price for the company. JPMorgan Chase & Co. lowered Associated Capital Group from an overweight rating to a neutral rating and upped their target price for the company from $42.00 to $50.00 in a report on Friday, August 2nd. Finally, TheStreet lowered Associated Capital Group from a c rating to a d+ rating in a report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Associated Capital Group has an average rating of Hold and a consensus price target of $47.29.
Shares of AC stock traded down $0.33 during trading on Thursday, hitting $35.91. The company’s stock had a trading volume of 196 shares, compared to its average volume of 7,340. The business has a fifty day moving average of $36.48 and a 200-day moving average of $37.69. Associated Capital Group has a 52 week low of $32.12 and a 52 week high of $46.86.
Associated Capital Group (NYSE:AC) last released its earnings results on Wednesday, August 7th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $4.82 million during the quarter. Associated Capital Group had a negative net margin of 111.98% and a negative return on equity of 0.41%.
In other news, major shareholder Mario J. Gabelli acquired 3,316 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average price of $34.63 per share, for a total transaction of $114,833.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Mario J. Gabelli acquired 2,125 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $34.70 per share, for a total transaction of $73,737.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 25,472 shares of company stock valued at $263,529. 83.73% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of AC. Royal Bank of Canada lifted its stake in Associated Capital Group by 43.4% in the second quarter. Royal Bank of Canada now owns 1,031 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 312 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Associated Capital Group in the first quarter valued at approximately $52,000. Swiss National Bank lifted its stake in Associated Capital Group by 6.5% in the second quarter. Swiss National Bank now owns 6,600 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 400 shares during the last quarter. Marshall Wace LLP purchased a new position in Associated Capital Group in the first quarter valued at approximately $270,000. Finally, Renaissance Technologies LLC lifted its position in shares of Associated Capital Group by 45.3% during the second quarter. Renaissance Technologies LLC now owns 26,000 shares of the financial services provider’s stock worth $972,000 after acquiring an additional 8,100 shares in the last quarter. Institutional investors and hedge funds own 11.86% of the company’s stock.
About Associated Capital Group
Associated Capital Group, Inc provides investment advisory and asset management services in the United States. It offers alternative investment management, institutional research, and underwriting services. The company was founded in 2015 and is headquartered in Rye, New York.
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