Associated Capital Group Inc (NYSE:AC) major shareholder Mario J. Gabelli acquired 1,794 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of $35.93 per share, with a total value of $64,458.42. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
NYSE:AC opened at $35.93 on Wednesday. Associated Capital Group Inc has a one year low of $32.12 and a one year high of $45.58. The company has a market cap of $809.64 million, a P/E ratio of 84.02 and a beta of 1.08. The firm’s fifty day moving average price is $37.66 and its two-hundred day moving average price is $37.09.
Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Associated Capital Group by 43.4% in the 2nd quarter. Royal Bank of Canada now owns 1,031 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 312 shares during the period. Swiss National Bank grew its holdings in Associated Capital Group by 6.5% in the 2nd quarter. Swiss National Bank now owns 6,600 shares of the financial services provider’s stock valued at $247,000 after buying an additional 400 shares in the last quarter. Northern Trust Corp grew its holdings in Associated Capital Group by 2.2% in the 2nd quarter. Northern Trust Corp now owns 34,653 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 736 shares in the last quarter. Marshall Wace North America L.P. bought a new position in Associated Capital Group during the 1st quarter worth $52,000. Finally, Marshall Wace LLP bought a new position in Associated Capital Group during the 1st quarter worth $270,000. 11.72% of the stock is currently owned by institutional investors.
Separately, TheStreet upgraded Associated Capital Group from a “d+” rating to a “c” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.80.
About Associated Capital Group
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.
Featured Story: What is required to own or exchange cryptocurrency?
Receive News & Ratings for Associated Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.