OFI Invest Asset Management Buys Shares of 39,200 Associated Capital Group, Inc. (NYSE:AC)

OFI Invest Asset Management bought a new stake in shares of Associated Capital Group, Inc. (NYSE:AC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 39,200 shares of the financial services provider’s stock, valued at approximately $1,244,000. OFI Invest Asset Management owned approximately 0.18% of Associated Capital Group at the end of the most recent reporting period.

Separately, Quent Capital LLC bought a new stake in Associated Capital Group during the first quarter worth approximately $222,000. Institutional investors own 8.14% of the company’s stock.

Associated Capital Group Stock Down 0.3 %

Shares of AC stock traded down $0.10 during trading hours on Friday, reaching $32.42. 9,187 shares of the company’s stock were exchanged, compared to its average volume of 5,938. Associated Capital Group, Inc. has a fifty-two week low of $28.58 and a fifty-two week high of $38.64. The stock has a market capitalization of $693.82 million, a P/E ratio of 20.92 and a beta of 0.89. The business has a fifty day moving average price of $32.92 and a 200-day moving average price of $33.06.

Associated Capital Group (NYSE:AC) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $0.14 EPS for the quarter. The business had revenue of $2.60 million during the quarter. Associated Capital Group had a return on equity of 3.71% and a net margin of 253.37%.

About Associated Capital Group

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.