Associated Capital Group (NYSE:AC) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Associated Capital Group (NYSE:AC – Get Rating) in a note issued to investors on Friday. The brokerage set a “sell” rating on the financial services provider’s stock.

Separately, TheStreet raised Associated Capital Group from a “d+” rating to a “c-” rating in a research report on Friday, November 11th.

Associated Capital Group Price Performance

Shares of NYSE:AC opened at $39.97 on Friday. The company has a market capitalization of $879.78 million, a P/E ratio of -16.58 and a beta of 1.09. Associated Capital Group has a 1 year low of $33.69 and a 1 year high of $47.50. The business’s 50 day simple moving average is $40.79 and its 200 day simple moving average is $39.83.

Insider Activity

In other news, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was bought at an average cost of $32.58 per share, for a total transaction of $26,064.00. Following the purchase, the insider now owns 12,800 shares of the company’s stock, valued at $417,024. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 8,200 shares of company stock worth $267,200. Insiders own 85.72% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. State Street Corp raised its position in Associated Capital Group by 0.9% during the 1st quarter. State Street Corp now owns 37,337 shares of the financial services provider’s stock worth $1,565,000 after purchasing an additional 331 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Associated Capital Group by 3.3% during the 3rd quarter. Alliancebernstein L.P. now owns 15,453 shares of the financial services provider’s stock worth $568,000 after acquiring an additional 500 shares during the period. Bank of New York Mellon Corp grew its holdings in Associated Capital Group by 13.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,887 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 905 shares during the period. Vanguard Group Inc. grew its holdings in Associated Capital Group by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 198,258 shares of the financial services provider’s stock worth $8,309,000 after acquiring an additional 1,021 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Associated Capital Group by 2.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 78,958 shares of the financial services provider’s stock worth $2,902,000 after acquiring an additional 1,793 shares during the period. 9.73% of the stock is owned by institutional investors.

About Associated Capital Group

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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.