Associated Capital Group (NYSE:AC) Cut to “D+” at TheStreet

TheStreet lowered shares of Associated Capital Group (NYSE:ACGet Rating) from a c rating to a d+ rating in a report issued on Tuesday morning, TheStreetRatingsTable reports.

Separately, StockNews.com downgraded shares of Associated Capital Group from a hold rating to a sell rating in a report on Thursday, June 2nd.

Associated Capital Group Price Performance

Shares of NYSE:AC opened at $36.25 on Tuesday. Associated Capital Group has a 12 month low of $33.69 and a 12 month high of $47.50. The stock has a market cap of $797.90 million, a price-to-earnings ratio of -22.80 and a beta of 1.16. The stock’s 50 day moving average price is $39.97 and its 200 day moving average price is $39.14.

Associated Capital Group (NYSE:ACGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported ($1.36) earnings per share for the quarter. Associated Capital Group had a negative return on equity of 3.83% and a negative net margin of 165.46%. The firm had revenue of $2.55 million for the quarter.

Insider Activity at Associated Capital Group

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average price of $28.94 per share, with a total value of $28,940.00. Following the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $28,940. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 5,900 shares of company stock valued at $147,064. Corporate insiders own 85.72% of the company’s stock.

Hedge Funds Weigh In On Associated Capital Group

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new position in shares of Associated Capital Group in the 2nd quarter worth approximately $218,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Associated Capital Group in the 1st quarter worth $242,000. State Board of Administration of Florida Retirement System grew its stake in shares of Associated Capital Group by 36.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 6,817 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 1,817 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new position in Associated Capital Group during the second quarter valued at about $272,000. Finally, State Street Corp grew its position in Associated Capital Group by 1.4% during the second quarter. State Street Corp now owns 37,870 shares of the financial services provider’s stock valued at $1,357,000 after buying an additional 533 shares during the period. 9.81% of the stock is owned by institutional investors.

About Associated Capital Group

(Get Rating)

Associated Capital Group, Inc provides investment advisory services in the United States. The company offers alternative investment management and asset management services. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.

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