S. Muoio & CO. LLC reduced its holdings in Associated Capital Group, Inc. (NYSE:AC – Get Rating) by 25.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 28,514 shares of the financial services provider's stock after selling 9,641 shares during the quarter. Associated Capital Group makes up about 1.4% of S. Muoio & CO. LLC's portfolio, making the stock its 29th largest holding. S. Muoio & CO. LLC owned about 0.13% of Associated Capital Group worth $1,195,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Associated Capital Group by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 198,258 shares of the financial services provider's stock valued at $8,309,000 after acquiring an additional 1,021 shares during the period. Dimensional Fund Advisors LP increased its position in Associated Capital Group by 6.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 73,597 shares of the financial services provider's stock valued at $3,084,000 after acquiring an additional 4,248 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in Associated Capital Group in the 4th quarter valued at approximately $215,000. 9.81% of the stock is currently owned by institutional investors and hedge funds.
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Insider Buying and Selling at Associated Capital Group
In other Associated Capital Group news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the company's stock in a transaction on Tuesday, August 23rd. The shares were purchased at an average cost of $28.94 per share, with a total value of $28,940.00. Following the completion of the purchase, the insider now owns 1,000 shares of the company's stock, valued at $28,940. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have acquired 4,600 shares of company stock valued at $123,976. Corporate insiders own 85.72% of the company's stock.
Associated Capital Group Stock Up 1.3 %
Shares of Associated Capital Group stock traded up $0.53 during trading hours on Thursday, reaching $40.72. The company's stock had a trading volume of 7,286 shares, compared to its average volume of 3,351. Associated Capital Group, Inc. has a one year low of $33.69 and a one year high of $47.50. The stock's fifty day simple moving average is $39.53 and its two-hundred day simple moving average is $39.16.
Associated Capital Group (NYSE:AC – Get Rating) last released 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 net margin of 165.46% and a negative return on equity of 3.83%. The business had revenue of $2.55 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Associated Capital Group from a "hold" rating to a "sell" rating in a research report on Thursday, June 2nd.
Associated Capital Group Profile
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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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