Mario J. Gabelli Acquires 2,125 Shares of Associated Capital Group Inc (NYSE:AC) Stock

Associated Capital Group Inc (NYSE:AC) major shareholder Mario J. Gabelli purchased 2,125 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $34.70 per share, with a total value of $73,737.50. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of NYSE:AC traded up $0.25 during trading on Friday, reaching $34.60. 64,536 shares of the company were exchanged, compared to its average volume of 3,098. The business’s fifty day simple moving average is $36.09 and its 200-day simple moving average is $38.71. Associated Capital Group Inc has a 12-month low of $32.12 and a 12-month high of $46.86.

A number of hedge funds have recently modified their holdings of AC. O Shaughnessy Asset Management LLC lifted its stake in shares of Associated Capital Group by 263.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,219 shares of the financial services provider’s stock worth $127,000 after buying an additional 2,334 shares during the period. Gamco Investors INC. ET AL bought a new stake in Associated Capital Group during the first quarter valued at $1,076,000. Royce & Associates LP boosted its stake in Associated Capital Group by 0.7% during the first quarter. Royce & Associates LP now owns 198,418 shares of the financial services provider’s stock valued at $7,849,000 after buying an additional 1,295 shares during the period. Marshall Wace North America L.P. bought a new stake in Associated Capital Group during the first quarter valued at $52,000. Finally, Marshall Wace LLP purchased a new stake in Associated Capital Group during the first quarter valued at about $270,000. 11.96% of the stock is currently owned by institutional investors.

AC has been the subject of a number of analyst reports. TheStreet downgraded shares of Associated Capital Group from a “c” rating to a “d+” rating in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered shares of Associated Capital Group from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $50.00 in a research report on Friday, August 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $48.00 price objective on shares of Associated Capital Group in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $43.80.

Associated Capital Group Company Profile

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.

Recommended Story: What are the Different Types of Leveraged Buyouts?

Insider Buying and Selling by Quarter for Associated Capital Group (NYSE:AC)

Receive News & Ratings for Associated Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Associated Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.