ValuEngine upgraded shares of Associated Capital Group (NYSE:AC) from a sell rating to a hold rating in a report released on Monday morning, ValuEngine reports.

Separately, TheStreet raised Associated Capital Group from a c rating to a b rating in a report on Friday, February 28th.

AC stock opened at $28.25 on Monday. The company has a market capitalization of $637.04 million, a P/E ratio of 16.42 and a beta of 0.96. Associated Capital Group has a twelve month low of $25.57 and a twelve month high of $65.46. The business has a 50 day simple moving average of $38.74 and a 200-day simple moving average of $38.89.

In other Associated Capital Group news, Chairman Mario J. Gabelli bought 1,671 shares of Associated Capital Group stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $34.00 per share, with a total value of $56,814.00. Following the completion of the acquisition, the chairman now owns 1,000 shares in the company, valued at $34,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Mario J. Gabelli bought 1,831 shares of Associated Capital Group stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of $28.41 per share, with a total value of $52,018.71. Following the acquisition, the insider now owns 1,000 shares of the company’s stock, valued at approximately $28,410. The disclosure for this purchase can be found here. In the last three months, insiders acquired 5,702 shares of company stock valued at $173,543. 83.73% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in AC. State Street Corp increased its position in Associated Capital Group by 2.3% during the 4th quarter. State Street Corp now owns 51,829 shares of the financial services provider’s stock worth $2,037,000 after purchasing an additional 1,182 shares in the last quarter. Renaissance Technologies LLC increased its position in Associated Capital Group by 14.1% during the 4th quarter. Renaissance Technologies LLC now owns 38,900 shares of the financial services provider’s stock worth $1,525,000 after purchasing an additional 4,800 shares in the last quarter. Geode Capital Management LLC increased its position in Associated Capital Group by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 38,551 shares of the financial services provider’s stock worth $1,511,000 after purchasing an additional 617 shares in the last quarter. Marshall Wace LLP purchased a new stake in Associated Capital Group during the 1st quarter worth about $270,000. Finally, Russell Investments Group Ltd. purchased a new stake in Associated Capital Group during the 4th quarter worth about $238,000. 11.82% of the stock is owned by institutional investors.

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.

See Also: Dividend Reinvestment Plan (DRIP)

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