Associated Capital Group (NYSE:AC) Shares Gap Down to $32.88

Associated Capital Group, Inc. (NYSE:AC)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $32.88, but opened at $32.16. Associated Capital Group shares last traded at $32.34, with a volume of 985 shares traded.

Associated Capital Group Trading Up 0.6 %

The firm has a market cap of $706.23 million, a P/E ratio of 21.29 and a beta of 0.88. The company’s fifty day moving average price is $32.52 and its two-hundred day moving average price is $33.01.

Associated Capital Group (NYSE:AC) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.14 EPS for the quarter. Associated Capital Group had a return on equity of 3.65% and a net margin of 246.48%. The business had revenue of $2.60 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in Associated Capital Group during the 1st quarter worth about $222,000. Renaissance Technologies LLC raised its stake in shares of Associated Capital Group by 3.3% during the second quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock worth $840,000 after buying an additional 800 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in Associated Capital Group in the second quarter valued at approximately $1,244,000. Institutional investors own 8.14% of the company’s stock.

Associated Capital Group Company Profile

Associated Capital Group, Inc, together with its subsidiaries, provides investment advisory services in the United States. The company offers alternative investment management services; and operates a direct investment business. It also invests in new and existing businesses. The company was founded in 1976 and is headquartered in Greenwich, Connecticut.