Huntington National Bank maintained its position in shares of American Capital Ltd. (NASDAQ:ACAS) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 155,640 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in American Capital were worth $2,302,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV raised its position in shares of American Capital by 196.0% in the first quarter. ING Groep NV now owns 3,700,000 shares of the company’s stock valued at $56,425,000 after buying an additional 2,450,000 shares during the last quarter. Trust Asset Management LLC raised its position in shares of American Capital by 47.8% in the second quarter. Trust Asset Management LLC now owns 3,136,737 shares of the company’s stock valued at $49,655,000 after buying an additional 1,014,519 shares during the last quarter. NFC Investments LLC purchased a new position in shares of American Capital during the first quarter valued at approximately $4,441,000. Elliott Management Corp raised its position in shares of American Capital by 2.0% in the first quarter. Elliott Management Corp now owns 12,475,000 shares of the company’s stock valued at $190,119,000 after buying an additional 250,000 shares during the last quarter. Finally, Credit Agricole S A raised 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 Ltd. (NASDAQ:ACAS) traded up 0.59% during mid-day trading on Friday, hitting $17.00. The company had a trading volume of 2,600,119 shares. The firm’s 50 day moving average is $16.75 and its 200-day moving average is $15.98. The firm’s market cap is $3.62 billion. American Capital Ltd. has a 12-month low of $11.92 and a 12-month high of $17.11.
American Capital (NASDAQ:ACAS) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.23. American Capital had a positive return on equity of 5.38% and a negative net margin of 36.45%. The company had revenue of $142 million for the quarter, compared to analyst estimates of $125.19 million. During the same period in the prior year, the company posted $0.24 EPS. The company’s revenue was down 15.5% compared to the same quarter last year. On average, equities analysts expect that American Capital Ltd. will post $1.22 EPS for the current year.
Separately, JPMorgan Chase & Co. lowered American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 target price for the company. in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. American Capital currently has a consensus rating of “Hold” and an average price target of $16.90.
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.
Want to see what other hedge funds are holding ACAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Capital Ltd. (NASDAQ:ACAS).
Receive News & Ratings for American Capital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Capital Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.