American Capital Ltd. (ACAS) Reaches New 12-Month High at $16.53
American Capital Ltd. (NASDAQ:ACAS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $16.53 and last traded at $16.48, with a volume of 472,359 shares trading hands. The stock had previously closed at $16.47.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of American Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of American Capital in a research note on Tuesday, May 17th. Sterne Agee CRT reissued a “buy” rating on shares of American Capital in a research note on Monday, May 16th. Finally, TheStreet raised shares of American Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $16.75.
The firm’s market cap is $3.61 billion. The company has a 50 day moving average of $16.03 and a 200-day moving average of $15.10.
American Capital (NASDAQ:ACAS) last released its earnings results on Friday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.12. The firm earned $162 million during the quarter, compared to the consensus estimate of $131.08 million. During the same quarter last year, the business posted $0.28 EPS. American Capital’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that American Capital Ltd. will post $1.14 EPS for the current fiscal year.
In other news, EVP Thomas Mchale sold 9,631 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $15.92, for a total value of $153,325.52. Following the completion of the sale, the executive vice president now owns 171,807 shares in the company, valued at approximately $2,735,167.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
A number of hedge funds and institutional investors recently bought and sold shares of ACAS. BlackRock Advisors LLC increased its position 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. Bank of Montreal Can increased its position in American Capital by 69.6% in the fourth quarter. Bank of Montreal Can now owns 3,191,182 shares of the company’s stock valued at $44,007,000 after buying an additional 1,309,182 shares in the last quarter. Wells Fargo & Company MN increased its position 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. Cibc World Markets Corp bought a new position in American Capital during the fourth quarter valued at approximately $4,827,000. Finally, Airain ltd increased its position 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.
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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