Quent Capital LLC Trims Holdings in Associated Capital Group, Inc. (NYSE:AC)

Quent Capital LLC decreased its holdings in Associated Capital Group, Inc. (NYSE:AC) by 39.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,126 shares of the financial services provider’s stock after selling 2,647 shares during the period. Quent Capital LLC’s holdings in Associated Capital Group were worth $141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AC. JPMorgan Chase & Co. increased its stake in Associated Capital Group by 11,616.7% in the third quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 697 shares during the period. Empowered Funds LLC purchased a new stake in Associated Capital Group in the fourth quarter worth $149,000. Finally, Geode Capital Management LLC increased its stake in Associated Capital Group by 28.4% in the third quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 4,841 shares during the period. Hedge funds and other institutional investors own 8.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Associated Capital Group in a research note on Saturday, February 8th. They issued a “hold” rating on the stock.

Associated Capital Group Trading Down 0.1 %

Shares of Associated Capital Group stock opened at $37.65 on Thursday. The firm has a market cap of $799.58 million, a P/E ratio of 18.19 and a beta of 0.88. Associated Capital Group, Inc. has a 12 month low of $28.58 and a 12 month high of $43.85. The stock’s fifty day moving average price is $35.82 and its 200-day moving average price is $35.21.

Associated Capital Group (NYSE:AC) last announced its quarterly earnings results on Wednesday, February 5th. The financial services provider reported $0.20 EPS for the quarter. Associated Capital Group had a return on equity of 4.88% and a net margin of 336.45%.

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.