American Capital Ltd. (ACAS) Reaches New 52-Week High at $16.62
Shares of American Capital Ltd. (NASDAQ:ACAS) reached a new 52-week high on Monday . The company traded as high as $16.62 and last traded at $16.59, with a volume of 419,689 shares trading hands. The stock had previously closed at $16.54.
A number of analysts recently weighed in on the company. 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 note on Thursday, August 4th. TheStreet upgraded American Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, May 25th. Sterne Agee CRT restated a “buy” rating on shares of American Capital in a research note on Monday, May 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of American Capital in a research note on Tuesday, May 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.90.
The stock has a 50-day moving average of $16.32 and a 200 day moving average of $15.45. The stock’s market capitalization is $3.58 billion.
American Capital (NASDAQ:ACAS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.23. The business earned $142 million during the quarter, compared to the consensus estimate of $125.19 million. During the same period last year, the company earned $0.24 earnings per share. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. Equities analysts predict that American Capital Ltd. will post $1.22 EPS for the current year.
Other institutional investors have modified their holdings of the company. Marshall Wace LLP raised 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 worth $1,351,000 after buying an additional 80,194 shares during the period. Kayne Anderson Capital Advisors LP acquired a new position in shares of American Capital during the fourth quarter worth about $1,241,000. Airain ltd raised 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 worth $3,601,000 after buying an additional 121,943 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of American Capital by 162.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,535,383 shares of the company’s stock worth $21,174,000 after buying an additional 950,935 shares during the 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.