American Capital Ltd. (ACAS) Sees Unusually-High Trading Volume
American Capital Ltd. (NASDAQ:ACAS) saw an uptick in trading volume on Tuesday . 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 brokerages recently issued reports on ACAS. JPMorgan Chase & Co. cut shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price objective for the company. in a research note on Thursday, August 4th. TheStreet raised shares of American Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Sterne Agee CRT reaffirmed a “buy” rating on shares of American Capital in a research note on Monday, May 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of American Capital in a research note on Tuesday, May 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Capital presently has an average rating of “Hold” and a consensus target price of $16.90.
The company has a 50-day moving average of $16.26 and a 200 day moving average of $15.36. The company’s market cap is $3.56 billion.
American Capital (NASDAQ:ACAS) last released its earnings results on Wednesday, August 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.23. The company earned $142 million during the quarter, compared to analysts’ expectations of $125.19 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. American Capital’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities research analysts anticipate that American Capital Ltd. will post $1.14 earnings per share for the current year.
A number of large investors have added to or reduced their stakes in the company. 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 valued at $1,351,000 after buying an additional 80,194 shares in the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in American Capital during the fourth quarter valued at about $1,241,000. 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 valued at $3,601,000 after buying an additional 121,943 shares in the last quarter. 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 valued at $150,466,000 after buying an additional 284,840 shares in the last quarter. Finally, 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 valued at $21,174,000 after buying an additional 950,935 shares in 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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