Paloma Partners Management Co Invests $218,000 in Associated Capital Group Inc (AC) Stock

Paloma Partners Management Co purchased a new position in shares of Associated Capital Group Inc (NYSE:AC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,194 shares of the financial services provider’s stock, valued at approximately $218,000.

Other large investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in Associated Capital Group by 55.7% during the fourth quarter. Bank of America Corp DE now owns 5,121 shares of the financial services provider’s stock worth $180,000 after buying an additional 1,832 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Associated Capital Group during the fourth quarter worth approximately $31,000. Vanguard Group Inc grew its position in Associated Capital Group by 10.3% during the third quarter. Vanguard Group Inc now owns 328,954 shares of the financial services provider’s stock worth $13,997,000 after buying an additional 30,689 shares in the last quarter. Vanguard Group Inc. grew its position in Associated Capital Group by 10.3% during the third quarter. Vanguard Group Inc. now owns 328,954 shares of the financial services provider’s stock worth $13,997,000 after buying an additional 30,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Associated Capital Group by 58.2% during the third quarter. Dimensional Fund Advisors LP now owns 70,768 shares of the financial services provider’s stock worth $3,010,000 after buying an additional 26,048 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors and hedge funds.

NYSE AC traded up $1.22 on Friday, hitting $40.81. 7,531 shares of the company’s stock were exchanged, compared to its average volume of 7,962. Associated Capital Group Inc has a 52 week low of $32.59 and a 52 week high of $46.86.

Associated Capital Group (NYSE:AC) last released its earnings results on Monday, February 11th. The financial services provider reported ($0.81) earnings per share for the quarter. Associated Capital Group had a negative return on equity of 4.05% and a negative net margin of 255.05%. The business had revenue of $8.61 million for the quarter.

A number of equities research analysts recently issued reports on the company. Cowen reissued an “average” rating and set a $41.00 price target on shares of Associated Capital Group in a research report on Friday, March 1st. Scotiabank reissued an “average” rating and set a $38.00 price target on shares of Associated Capital Group in a research report on Thursday, January 3rd. Finally, ValuEngine raised Associated Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Associated Capital Group presently has an average rating of “Hold” and an average price target of $40.33.

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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.

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Institutional Ownership by Quarter for Associated Capital Group (NYSE:AC)

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