Citigroup Analysts Give Associated Capital Group (NYSE:AC) a $26.00 Price Target

Associated Capital Group (NYSE:AC – Get Rating) received a $26.00 price target from equities researchers at Citigroup in a research note issued on Friday, Stock Target Advisor reports. Citigroup’s target price would indicate a potential downside of 34.59% from the stock’s previous close.

Separately, StockNews.com began coverage on Associated Capital Group in a research note on Thursday. They set a “hold” rating for the company.

Associated Capital Group Price Performance

Shares of AC opened at $39.75 on Friday. The company has a market cap of $870.13 million, a P/E ratio of -58.46 and a beta of 1.09. The stock has a fifty day moving average price of $36.78 and a 200 day moving average price of $38.29. Associated Capital Group has a 12 month low of $31.01 and a 12 month high of $44.50.

Associated Capital Group (NYSE:AC – Get Rating) last issued its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.81 EPS for the quarter. The firm had revenue of $2.47 million during the quarter. Associated Capital Group had a negative return on equity of 1.68% and a negative net margin of 99.05%.

Insiders Place Their Bets

In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al purchased 700 shares of Associated Capital Group stock in a transaction on Monday, April 17th. The stock was bought at an average price of $35.95 per share, for a total transaction of $25,165.00. Following the transaction, the insider now owns 22,000 shares of the company’s stock, valued at approximately $790,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 85.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AC. Barclays PLC boosted its position in Associated Capital Group by 87.7% during the 1st quarter. Barclays PLC now owns 858 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 401 shares during the period. UBS Group AG boosted its stake in Associated Capital Group by 64.2% during the fourth quarter. UBS Group AG now owns 1,036 shares of the financial services provider’s stock valued at $44,000 after buying an additional 405 shares in the last quarter. BNP Paribas Arbitrage SNC boosted its stake in Associated Capital Group by 305.0% during the first quarter. BNP Paribas Arbitrage SNC now owns 1,223 shares of the financial services provider’s stock valued at $45,000 after buying an additional 921 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Associated Capital Group by 7,613.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,157 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,142 shares in the last quarter. Finally, FMR LLC boosted its stake in Associated Capital Group by 23.8% during the first quarter. FMR LLC now owns 1,464 shares of the financial services provider’s stock valued at $54,000 after buying an additional 281 shares in the last quarter. Institutional investors and hedge funds own 9.73% of the company’s stock.

About Associated Capital Group

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Associated Capital Group, Inc operates as a holding company, which engages in alternative investment management services and operates a direct investment business that invests in new and existing businesses. It is involved in assets in equity event-driven strategies and across a range of risk and event arbitrage portfolios.