Associated Capital Group (NYSE:AC) Received Average Rating from Scotiabank

Associated Capital Group (NYSE:AC) Received Average Rating from Scotiabank

Associated Capital Group (NYSE:AC)‘s stock had its “average” rating reiterated by equities researchers at Scotiabank in a report released on Thursday, January 3rd. They presently have a $38.00 target price on the financial services provider’s stock. Scotiabank’s target price indicates a potential downside of 1.22% from the stock’s current price.

A number of other analysts have also weighed in on AC. BMO Capital Markets reissued a “buy” rating and set a $42.00 price objective on shares of Associated Capital Group in a research note on Sunday, December 16th. ValuEngine raised Associated Capital Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

Shares of AC stock traded up $0.39 during trading on Thursday, hitting $38.47. The company had a trading volume of 148 shares, compared to its average volume of 18,322. Associated Capital Group has a 52 week low of $32.59 and a 52 week high of $46.86.

Associated Capital Group (NYSE:AC) last posted its quarterly earnings data on Tuesday, November 6th. The financial services provider reported ($0.32) earnings per share for the quarter. The company had revenue of $4.67 million during the quarter. Associated Capital Group had a negative return on equity of 0.22% and a negative net margin of 7.70%.

In other Associated Capital Group news, insider Mario J. Gabelli purchased 2,098 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was bought at an average price of $33.51 per share, with a total value of $70,303.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 82.16% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc raised its holdings in Associated Capital Group by 10.3% in the third quarter. Vanguard Group Inc now owns 328,954 shares of the financial services provider’s stock worth $13,997,000 after purchasing an additional 30,689 shares in the last quarter. Vanguard Group Inc. raised its holdings in Associated Capital Group by 10.3% in the third quarter. Vanguard Group Inc. now owns 328,954 shares of the financial services provider’s stock worth $13,997,000 after purchasing an additional 30,689 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Associated Capital Group by 58.2% in the third quarter. Dimensional Fund Advisors LP now owns 70,768 shares of the financial services provider’s stock worth $3,010,000 after purchasing an additional 26,048 shares in the last quarter. Mad River Investors raised its holdings in Associated Capital Group by 4.7% in the third quarter. Mad River Investors now owns 144,175 shares of the financial services provider’s stock worth $6,135,000 after purchasing an additional 6,525 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Associated Capital Group by 1,064.1% in the third quarter. Russell Investments Group Ltd. now owns 20,173 shares of the financial services provider’s stock worth $858,000 after purchasing an additional 18,440 shares in the last quarter. 13.27% of the stock is owned by institutional investors.

Associated Capital Group Company Profile

Associated Capital Group, Inc provides investment advisory and asset management services in the United States. It offers alternative investment management, institutional research, and underwriting services. The company was founded in 2015 and is headquartered in Rye, New York.

Read More: Federal Reserve

Related posts

Leave a Comment