Associated Capital Group Inc (NYSE:AC) major shareholder Mario J. Gabelli acquired 1,794 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 shares are required to disclose their transactions with the SEC.

Shares of Associated Capital Group stock opened at $36.16 on Friday. The business has a 50-day moving average of $37.65 and a 200 day moving average of $37.07. Associated Capital Group Inc has a 12 month low of $32.12 and a 12 month high of $45.58. The stock has a market capitalization of $820.14 million, a price-to-earnings ratio of 84.81 and a beta of 1.07.

A number of institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL boosted its holdings in Associated Capital Group by 85.2% during the 3rd quarter. Gamco Investors INC. ET AL now owns 75,187 shares of the financial services provider’s stock valued at $2,676,000 after acquiring an additional 34,586 shares during the period. Royal Bank of Canada boosted its holdings in Associated Capital Group by 43.4% during the 2nd quarter. Royal Bank of Canada now owns 1,031 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 312 shares during the period. Northern Trust Corp boosted its holdings in Associated Capital Group by 2.2% during the 2nd quarter. Northern Trust Corp now owns 34,653 shares of the financial services provider’s stock valued at $1,296,000 after acquiring an additional 736 shares during the period. Renaissance Technologies LLC boosted its holdings in Associated Capital Group by 45.3% during the 2nd quarter. Renaissance Technologies LLC now owns 26,000 shares of the financial services provider’s stock valued at $972,000 after acquiring an additional 8,100 shares during the period. Finally, Swiss National Bank boosted its holdings in Associated Capital Group by 6.5% during the 2nd quarter. Swiss National Bank now owns 6,600 shares of the financial services provider’s stock valued at $247,000 after acquiring an additional 400 shares during the period. Institutional investors own 11.72% of the company’s stock.

Separately, TheStreet raised Associated Capital Group from a “d+” rating to a “c” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $43.80.

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.

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