Associated Capital Group (AC) Receiving Somewhat Favorable Press Coverage, Report Finds

News stories about Associated Capital Group (NYSE:AC) have trended somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Associated Capital Group earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.9357104580816 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Separately, ValuEngine cut shares of Associated Capital Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.

Associated Capital Group (AC) traded down 0.46% during midday trading on Friday, reaching $32.60. 12,133 shares of the company’s stock were exchanged. Associated Capital Group has a 52 week low of $31.38 and a 52 week high of $39.35. The firm’s market capitalization is $777.97 million. The firm’s 50 day moving average is $33.40 and its 200 day moving average is $34.90.

Associated Capital Group declared that its Board of Directors has initiated a share buyback plan on Thursday, August 3rd that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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Associated Capital Group Company Profile

Associated Capital Group, Inc is a parent operating company for the spin-off of GAMCO Investors, Inc’s (GAMCO’s) alternative investment management business, institutional research services operations and certain cash and other assets. The Company, through its subsidiaries, provides alternative investment management services and institutional research services, as well as management of its investment portfolio.

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