American Capital Ltd. (ACAS) Sees Unusually-High Trading Volume
Shares of American Capital Ltd. (NASDAQ:ACAS) saw unusually-strong trading volume on Tuesday . Approximately 1,051,911 shares changed hands during trading, an increase of 14% from the previous session’s volume of 920,387 shares.The stock last traded at $16.47 and had previously closed at $16.53.
Several equities analysts have issued reports on ACAS shares. Sterne Agee CRT restated a “buy” rating on shares of American Capital in a research note on Monday, May 16th. Zacks Investment Research upgraded shares of American Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 19th. 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 reaffirmed a “hold” rating on shares of American Capital in a research report on Tuesday, May 17th. Finally, JPMorgan Chase & Co. lowered shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price target for the company. in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $16.90.
The stock has a 50 day moving average of $16.24 and a 200-day moving average of $15.35. The stock’s market capitalization is $3.54 billion.
American Capital (NASDAQ:ACAS) last released its earnings results on Wednesday, August 3rd. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.23. During the same quarter last year, the company earned $0.24 earnings per share. The firm earned $142 million during the quarter, compared to analyst estimates of $125.19 million. The business’s revenue for the quarter was down 15.5% on a year-over-year basis. On average, equities research analysts predict that American Capital Ltd. will post $1.14 earnings per share for the current fiscal year.
Other large investors have recently added to or reduced their stakes in the company. BlackRock Advisors LLC increased its stake in American Capital by 2.7% in the fourth quarter. BlackRock Advisors LLC now owns 10,911,215 shares of the company’s stock worth $150,466,000 after buying an additional 284,840 shares during the period. Kayne Anderson Capital Advisors LP purchased a new stake in American Capital during the fourth quarter worth $1,241,000. Marshall Wace LLP increased its stake in 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 period. Wells Fargo & Company MN increased its stake in 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 period. Finally, Airain ltd increased its stake in 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 period.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.