Associated Capital Group, Inc. (NYSE:AC – Get Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $42.32, but opened at $41.41. Associated Capital Group shares last traded at $41.60, with a volume of 4 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Associated Capital Group from a "hold" rating to a "sell" rating in a research note on Thursday, June 2nd.
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Associated Capital Group Stock Up 0.9 %
The company has a 50-day moving average of $38.03 and a two-hundred day moving average of $39.25. The company has a market capitalization of $911.96 million, a P/E ratio of -25.79 and a beta of 1.16.
Insider Activity at Associated Capital Group
In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al bought 2,000 shares of the business's stock in a transaction that occurred on Monday, June 27th. The stock was purchased at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the completion of the transaction, the insider now owns 12,000 shares of the company's stock, valued at approximately $300,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 85.72% of the stock is owned by company insiders.
Institutional Investors Weigh In On Associated Capital Group
Several institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System purchased a new position in Associated Capital Group during the 4th quarter worth $215,000. Charles Schwab Investment Management Inc. acquired a new position in Associated Capital Group in the 1st quarter worth about $242,000. Allspring Global Investments Holdings LLC acquired a new position in Associated Capital Group in the 4th quarter worth about $268,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Associated Capital Group during the second quarter valued at approximately $272,000. Finally, State Street Corp raised its holdings in shares of Associated Capital Group by 0.9% during the first quarter. State Street Corp now owns 37,337 shares of the financial services provider's stock valued at $1,565,000 after acquiring an additional 331 shares during the last quarter. 9.94% 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.
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