American Capital Ltd. (ACAS) Hits New 1-Year High at $16.62
Shares of American Capital Ltd. (NASDAQ:ACAS) reached a new 52-week high during trading on Monday . The stock traded as high as $16.62 and last traded at $16.59, with a volume of 419,689 shares. The stock had previously closed at $16.54.
ACAS has been the topic of several analyst reports. Sterne Agee CRT reaffirmed a “buy” rating on shares of American Capital in a report on Monday, May 16th. TheStreet raised American Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of American Capital in a report on Tuesday, May 17th. Finally, JPMorgan Chase & Co. downgraded American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price target on the stock. in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.90.
The stock has a 50-day moving average price of $16.30 and a 200 day moving average price of $15.38. The firm’s market cap is $3.58 billion.
American Capital (NASDAQ:ACAS) last posted its earnings results on Wednesday, August 3rd. The company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.23. The firm earned $142 million during the quarter, compared to analysts’ expectations of $125.19 million. The firm’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Analysts forecast that American Capital Ltd. will post $1.22 EPS for the current fiscal year.
Other hedge funds have recently bought and sold shares of the company. 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 during the last quarter. Airain ltd boosted 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 valued at $3,601,000 after buying an additional 121,943 shares during the period. Marshall Wace LLP boosted 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 valued at $1,351,000 after buying an additional 80,194 shares during the period. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of American Capital during the fourth quarter valued at about $1,241,000.
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.