American Capital Ltd. (NASDAQ:ACAS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are covering the company. 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 brokerages that have issued a report on the stock in the last year is $17.83.
Separately, JPMorgan Chase & Co. cut shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price target for the company. in a research report on Thursday, August 4th.
Shares of American Capital (NASDAQ:ACAS) opened at 17.00 on Tuesday. American Capital has a 52-week low of $11.92 and a 52-week high of $17.11. The firm has a 50-day moving average of $16.75 and a 200-day moving average of $15.98. The stock’s market cap is $3.62 billion.
American Capital (NASDAQ:ACAS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.24 by $0.23. American Capital had a negative net margin of 36.45% and a positive return on equity of 5.38%. The company earned $142 million during the quarter, compared to analysts’ expectations of $125.19 million. During the same quarter in the previous year, the company earned $0.24 EPS. American Capital’s revenue was down 15.5% on a year-over-year basis. On average, equities analysts expect that American Capital will post $1.22 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of ACAS. Westchester Capital Management LLC purchased a new position in shares of American Capital during the second quarter worth about $51,242,000. ING Groep NV boosted 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 worth $56,425,000 after buying an additional 2,450,000 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of American Capital during the second quarter worth about $28,938,000. CNH Partners LLC purchased a new position in shares of American Capital during the second quarter worth about $24,666,000. Finally, Trust Asset Management LLC boosted 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 worth $49,655,000 after buying an additional 1,014,519 shares in the last quarter. Hedge funds and other institutional investors own 68.14% of the company’s stock.
About American Capital
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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