Associated Capital Group (NYSE:AC) Sees Large Volume Increase – What’s Next?

Associated Capital Group, Inc. (NYSE:AC) shares saw strong trading volume on Monday . 4,208 shares changed hands during trading, a decline of 18% from the previous session’s volume of 5,123 shares.The stock last traded at $36.41 and had previously closed at $36.38.

Analyst Ratings Changes

Separately, StockNews.com downgraded Associated Capital Group from a “hold” rating to a “sell” rating in a research report on Friday.

Associated Capital Group Stock Down 1.6 %

The company has a market cap of $759.86 million, a price-to-earnings ratio of 17.25 and a beta of 0.92. The stock’s 50-day simple moving average is $36.54 and its 200 day simple moving average is $35.84.

Associated Capital Group (NYSE:AC) last announced its earnings results 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%.

Institutional Trading of Associated Capital Group

Several hedge funds have recently made changes to their positions in AC. 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 valued at $25,000 after acquiring an additional 697 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Associated Capital Group during the fourth quarter worth about $149,000. Northern Trust Corp increased its stake in shares of 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 buying an additional 2,755 shares during the period. Geode Capital Management LLC raised its holdings in Associated Capital Group by 28.4% in 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. Finally, OFI Invest Asset Management purchased a new position in Associated Capital Group in the fourth quarter worth approximately $1,092,000. Institutional investors and hedge funds 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.