Associated Capital Group, Inc. (NYSE:AC) Short Interest Update

Associated Capital Group, Inc. (NYSE:AC) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 16,600 shares, an increase of 15.3% from the August 15th total of 14,400 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 7,600 shares, the days-to-cover ratio is presently 2.2 days.

Associated Capital Group Stock Up 1.1 %

Associated Capital Group stock traded up $0.36 during mid-day trading on Tuesday, reaching $33.65. 5,886 shares of the company’s stock were exchanged, compared to its average volume of 5,725. The business’s fifty day simple moving average is $32.73 and its 200 day simple moving average is $33.01. Associated Capital Group has a one year low of $28.58 and a one year high of $37.40. The firm has a market capitalization of $720.14 million, a PE ratio of 21.71 and a beta of 0.88.

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

Institutional Investors Weigh In On Associated Capital Group

Several institutional investors have recently added to or reduced their stakes in AC. Renaissance Technologies LLC raised its holdings in Associated Capital Group by 3.3% during the 2nd quarter. Renaissance Technologies LLC now owns 24,700 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 800 shares during the period. OFI Invest Asset Management bought a new stake in shares of Associated Capital Group during the 2nd quarter valued at $1,244,000. Finally, Quent Capital LLC purchased a new stake in Associated Capital Group during the 1st quarter worth about $222,000. 8.14% of the stock is owned by hedge funds and other institutional investors.

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.