OFI Invest Asset Management Takes Position in Associated Capital Group, Inc. (NYSE:AC)

OFI Invest Asset Management purchased a new position in shares of Associated Capital Group, Inc. (NYSE:AC) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 39,200 shares of the financial services provider’s stock, valued at approximately $1,244,000.

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

Associated Capital Group Trading Down 0.3 %

Shares of NYSE AC traded down $0.10 during midday trading on Friday, hitting $32.42. The company’s stock had a trading volume of 9,187 shares, compared to its average volume of 5,938. The stock has a fifty day moving average price of $32.92 and a 200 day moving average price of $33.06. 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, Inc. has a one year low of $28.58 and a one year high of $38.64.

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

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.