American Capital Senior Floating Ltd. (ACSF) Stock Price Up 2%
Shares of American Capital Senior Floating Ltd. (NASDAQ:ACSF) rose 2% on Wednesday . The company traded as high as $11.50 and last traded at $11.45, with a volume of 82,553 shares. The stock had previously closed at $11.22.
ACSF has been the topic of a number of research reports. TheStreet upgraded shares of American Capital Senior Floating from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Zacks Investment Research upgraded shares of American Capital Senior Floating from a “sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Deutsche Bank AG increased their price objective on shares of American Capital Senior Floating from $11.80 to $12.50 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, Citigroup Inc. cut their price objective on shares of American Capital Senior Floating from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 10th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. American Capital Senior Floating presently has an average rating of “Buy” and a consensus price target of $11.60.
The company’s 50 day moving average is $10.73 and its 200-day moving average is $10.06.
American Capital Senior Floating (NASDAQ:ACSF) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. On average, equities analysts expect that American Capital Senior Floating Ltd. will post $1.84 earnings per share for the current year.
The business also recently declared a aug 16 dividend, which will be paid on Friday, September 2nd. Shareholders of record on Tuesday, August 23rd will be paid a $0.097 dividend. The ex-dividend date is Friday, August 19th.
American Capital Senior Floating, Ltd. is a non-diversified closed-end investment management company. The Company’s investment objective is to provide attractive, risk-adjusted returns over the long term primarily through current income while seeking to preserve its capital. It manages a leveraged portfolio composed primarily of diversified investments in first lien and second lien floating rate loans principally to the United States-based companies (collectively, Senior Floating Rate Loans or SFRLs), which are referred to as leveraged loans.
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