Mraz Amerine & Associates Inc. continued to hold its stake in American Capital Ltd. (NASDAQ:ACAS) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,616 shares of the company’s stock at the end of the second quarter. Mraz Amerine & Associates Inc.’s holdings in American Capital were worth $231,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of American Capital by 9.7% in the first quarter. IFP Advisors Inc now owns 9,343 shares of the company’s stock worth $142,000 after buying an additional 829 shares in the last quarter. Creative Planning raised its stake in shares of American Capital by 51.2% in the second quarter. Creative Planning now owns 9,572 shares of the company’s stock worth $152,000 after buying an additional 3,241 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of American Capital during the first quarter worth $278,000. Fox Run Management L.L.C. bought a new stake in shares of American Capital during the second quarter worth $361,000. Finally, Sii Investments Inc. WI bought a new stake in shares of American Capital during the first quarter worth $376,000. Institutional investors and hedge funds own 68.14% of the company’s stock.
American Capital Ltd. (NASDAQ:ACAS) traded down 0.06% during trading on Wednesday, hitting $17.02. 2,642,165 shares of the stock traded hands. The stock’s market cap is $3.62 billion. The company has a 50-day moving average price of $16.79 and a 200-day moving average price of $16.05. American Capital Ltd. has a 12 month low of $12.09 and a 12 month high of $17.11.
American Capital (NASDAQ:ACAS) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ 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 prior year, the company earned $0.24 EPS. The firm’s revenue was down 15.5% on a year-over-year basis. Equities research analysts expect that American Capital Ltd. will post $1.22 EPS for the current year.
Separately, JPMorgan Chase & Co. lowered shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 target price on the stock. in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average 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.
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