Associated Capital Group, Inc. (NYSE:AC) Short Interest Down 18.3% in July

Associated Capital Group, Inc. (NYSE:AC) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 21,000 shares, a decrease of 18.3% from the July 15th total of 25,700 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 2.9 days. Approximately 0.9% of the company’s stock are short sold.

Associated Capital Group Stock Performance

Shares of NYSE:AC traded down $0.10 on Friday, hitting $32.42. 9,187 shares of the company were exchanged, compared to its average volume of 5,938. The firm has a market capitalization of $693.82 million, a price-to-earnings ratio of 20.92 and a beta of 0.89. Associated Capital Group has a one year low of $28.58 and a one year high of $38.64. The company’s 50 day moving average price is $32.92 and its two-hundred day moving average price is $33.06.

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 return on equity of 3.71% and a net margin of 253.37%. The firm had revenue of $2.60 million during the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. OFI Invest Asset Management acquired a new stake in shares of Associated Capital Group during the 2nd quarter valued at $1,244,000. Renaissance Technologies LLC lifted its position in shares of 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. Sapient Capital LLC bought a new position in shares of Associated Capital Group during the 4th quarter worth about $557,000. Finally, Quent Capital LLC bought a new position in Associated Capital Group in the first quarter worth approximately $222,000. 8.14% of the stock is currently owned by 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.