American Capital Ltd. (ACAS) Hits New 1-Year High at $16.23
American Capital Ltd. (NASDAQ:ACAS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.23 and last traded at $16.21, with a volume of 412,360 shares. The stock had previously closed at $16.12.
Several brokerages have recently weighed in on ACAS. TheStreet raised shares of American Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of American Capital in a research report on Tuesday, May 17th. Sterne Agee CRT reissued a “buy” rating on shares of American Capital in a research report on Monday, May 16th. Finally, Zacks Investment Research raised shares of American Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.75.
The stock has a 50 day moving average of $15.95 and a 200 day moving average of $15.00. The firm’s market cap is $3.55 billion.
American Capital (NASDAQ:ACAS) last issued its quarterly earnings results on Friday, May 6th. The company reported $0.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.12. During the same quarter last year, the firm posted $0.28 earnings per share. The firm earned $162 million during the quarter, compared to the consensus estimate of $131.08 million. American Capital’s revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that American Capital Ltd. will post $1.14 EPS for the current fiscal year.
In other news, EVP Thomas Mchale sold 9,631 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $15.92, for a total value of $153,325.52. Following the completion of the sale, the executive vice president now directly owns 171,807 shares in the company, valued at approximately $2,735,167.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and institutional investors recently modified their holdings of ACAS. Airain ltd increased its position in shares of American Capital by 87.6% in the fourth quarter. Airain ltd now owns 261,106 shares of the company’s stock worth $3,601,000 after buying an additional 121,943 shares during the last quarter. Globeflex Capital L P increased its position in shares of American Capital by 114.3% in the fourth quarter. Globeflex Capital L P now owns 81,470 shares of the company’s stock worth $1,123,000 after buying an additional 43,450 shares during the last quarter. Marshall Wace LLP increased its position in shares of American Capital by 450.0% in the fourth quarter. Marshall Wace LLP now owns 98,014 shares of the company’s stock worth $1,351,000 after buying an additional 80,194 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of American Capital during the fourth quarter worth approximately $4,827,000. Finally, Wells Fargo & Company MN increased its position in shares of American Capital by 162.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,535,383 shares of the company’s stock worth $21,174,000 after buying an additional 950,935 shares during the last quarter.
American Capital, Ltd. (American Capital) is a global asset manager and private equity firm. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy and structured products.
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