American Capital Ltd. (NASDAQ:ACAS) Receives Average Rating of “Hold” from Brokerages
Shares of American Capital Ltd. (NASDAQ:ACAS) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $17.83.
Several equities analysts have recently weighed in on the stock. TheStreet upgraded shares of American Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, May 25th. JPMorgan Chase & Co. lowered 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 report on Thursday, August 4th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc boosted its position in shares of American Capital by 29.6% in the first quarter. Legal & General Group Plc now owns 528,144 shares of the company’s stock valued at $8,049,000 after buying an additional 120,630 shares during the last quarter. HBK Investments L P purchased a new position in shares of American Capital during the first quarter valued at approximately $536,000. Geode Capital Management LLC purchased a new position in shares of American Capital during the first quarter valued at approximately $1,452,000. NFC Investments LLC purchased a new position in shares of American Capital during the first quarter valued at approximately $4,441,000. Finally, Credit Agricole S A boosted its position in shares of American Capital by 475.4% in the first quarter. Credit Agricole S A now owns 289,352 shares of the company’s stock valued at $4,409,000 after buying an additional 239,065 shares during the last quarter. Institutional investors own 68.14% of the company’s stock.
Shares of American Capital (NASDAQ:ACAS) traded up 0.29% during mid-day trading on Tuesday, hitting $17.00. 992,889 shares of the stock were exchanged. American Capital has a one year low of $11.92 and a one year high of $17.11. The stock’s market cap is $3.62 billion. The company has a 50-day moving average of $16.70 and a 200 day moving average of $15.92.
American Capital (NASDAQ:ACAS) last released its earnings results on Wednesday, August 3rd. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.23. The firm had revenue of $142 million for the quarter, compared to analysts’ expectations of $125.19 million. American Capital had a negative net margin of 36.45% and a positive return on equity of 5.38%. American Capital’s quarterly revenue was down 15.5% on a year-over-year basis. During the same quarter last year, the company earned $0.24 EPS. On average, equities analysts predict that American Capital will post $1.22 earnings per share for the current year.
American Capital Company Profile
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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