American Capital Ltd. (NASDAQ:ACAS) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.76 and last traded at $16.74, with a volume of 609,513 shares changing hands. The stock had previously closed at $16.68.

A number of brokerages recently issued reports on ACAS. 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 report on Thursday, August 4th. TheStreet upgraded American Capital from a “sell” rating to a “hold” rating in a report on Wednesday, May 25th. Keefe, Bruyette & Woods restated a “hold” rating on shares of American Capital in a report on Tuesday, May 17th. Finally, Sterne Agee CRT restated a “buy” rating on shares of American Capital in a report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Capital presently has a consensus rating of “Hold” and a consensus price target of $16.90.

The firm’s 50 day moving average is $16.39 and its 200-day moving average is $15.49. The stock’s market cap is $3.61 billion.

American Capital (NASDAQ:ACAS) last issued its earnings results on Wednesday, August 3rd. The company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.23. The company had revenue of $142 million for the quarter, compared to analysts’ expectations of $125.19 million. The business’s revenue was down 15.5% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Equities analysts anticipate that American Capital Ltd. will post $1.22 earnings per share for the current year.

A hedge fund recently raised its stake in American Capital stock. Marshall Wace LLP raised its stake in shares of American Capital Ltd. (NASDAQ:ACAS) by 450.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,014 shares of the company’s stock after buying an additional 80,194 shares during the period. Marshall Wace LLP’s holdings in American Capital were worth $1,351,000 at the end of the most recent reporting 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.

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