Associated Capital Group, Inc. (NYSE:AC) Short Interest Down 6.1% in March

Associated Capital Group, Inc. (NYSE:AC) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 9,300 shares, a drop of 6.1% from the March 15th total of 9,900 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of Associated Capital Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC grew its position in Associated Capital Group by 87.7% during the first quarter. Barclays PLC now owns 858 shares of the financial services provider’s stock valued at $32,000 after buying an additional 401 shares during the period. UBS Group AG grew its position in Associated Capital Group by 64.2% during the fourth quarter. UBS Group AG now owns 1,036 shares of the financial services provider’s stock valued at $44,000 after buying an additional 405 shares during the period. Wells Fargo & Company MN grew its position in Associated Capital Group by 7,613.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,157 shares of the financial services provider’s stock valued at $49,000 after buying an additional 1,142 shares during the period. BNP Paribas Arbitrage SNC grew its position in Associated Capital Group by 305.0% during the first quarter. BNP Paribas Arbitrage SNC now owns 1,223 shares of the financial services provider’s stock valued at $45,000 after buying an additional 921 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Associated Capital Group by 33.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,457 shares of the financial services provider’s stock valued at $61,000 after buying an additional 368 shares during the period. Institutional investors and hedge funds own 8.14% of the company’s stock.

Associated Capital Group Trading Up 0.1 %

Shares of NYSE AC traded up $0.02 during midday trading on Tuesday, reaching $32.24. The company had a trading volume of 4,600 shares, compared to its average volume of 5,409. The business’s 50-day simple moving average is $32.97 and its 200 day simple moving average is $33.85. The stock has a market cap of $692.84 million, a P/E ratio of 18.74 and a beta of 0.90. Associated Capital Group has a 1 year low of $31.32 and a 1 year high of $40.55.

Associated Capital Group (NYSE:AC) last released its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $5.64 million for the quarter. Associated Capital Group had a net margin of 295.29% and a return on equity of 4.15%.

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.