Quent Capital LLC Sells 2,647 Shares of Associated Capital Group, Inc. (NYSE:AC)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Associated Capital Group by 28.4% during the 3rd quarter. Geode Capital Management LLC now owns 21,914 shares of the financial services provider’s stock valued at $776,000 after acquiring an additional 4,841 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Associated Capital Group by 11,616.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 703 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 697 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Associated Capital Group during the 4th quarter valued at approximately $149,000. 8.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Associated Capital Group in a research report on Saturday, February 8th. They set a “hold” rating for the company.

Associated Capital Group Stock Performance

NYSE AC opened at $37.65 on Thursday. The stock has a 50 day moving average price of $35.82 and a 200-day moving average price of $35.21. Associated Capital Group, Inc. has a one year low of $28.58 and a one year high of $43.85. The company has a market capitalization of $799.58 million, a P/E ratio of 18.19 and a beta of 0.88.

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

Associated Capital Group 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.