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

Associated Capital Group, Inc. (NYSE:AC) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 9,300 shares, a decline 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 volume of 5,800 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AC. Barclays PLC grew its stake in shares of Associated Capital Group by 87.7% in the 1st quarter. Barclays PLC now owns 858 shares of the financial services provider’s stock worth $32,000 after buying an additional 401 shares during the last quarter. UBS Group AG boosted its stake in Associated Capital Group by 64.2% during the 4th quarter. UBS Group AG now owns 1,036 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 405 shares during the last quarter. BNP Paribas Arbitrage SNC lifted its holdings in shares of Associated Capital Group by 305.0% during the 1st 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. Wells Fargo & Company MN lifted its holdings in shares of Associated Capital Group by 7,613.3% during the 4th 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. Finally, FMR LLC lifted its holdings in shares of Associated Capital Group by 23.8% during the 1st quarter. FMR LLC now owns 1,464 shares of the financial services provider’s stock valued at $54,000 after buying an additional 281 shares during the period. Institutional investors own 8.14% of the company’s stock.

Associated Capital Group Stock Performance

Associated Capital Group stock traded up $0.02 during midday trading on Wednesday, hitting $32.24. 4,600 shares of the company’s stock were exchanged, compared to its average volume of 6,101. Associated Capital Group has a 52-week low of $31.32 and a 52-week high of $40.55. The stock has a 50-day moving average price of $32.97 and a two-hundred day moving average price of $33.85. The company has a market cap of $692.84 million, a P/E ratio of 18.75 and a beta of 0.90.

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

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.