Pyrrho Capital Management LP acquired a new 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 acquired 55,000 shares of the company’s stock, valued at approximately $871,000. American Capital makes up approximately 2.7% of Pyrrho Capital Management LP’s portfolio, making the stock its 15th largest position.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Elliott Management Corp increased 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. Muzinich & Co. Inc. increased its position in shares of American Capital by 0.5% in the second quarter. Muzinich & Co. Inc. now owns 1,238,138 shares of the company’s stock valued at $19,600,000 after buying an additional 6,343 shares during the last quarter. Lorber David A acquired a new position in shares of American Capital during the first quarter valued at about $804,000. Seven Eight Capital LLC increased its position in shares of American Capital by 38.0% in the first quarter. Seven Eight Capital LLC now owns 26,500 shares of the company’s stock valued at $404,000 after buying an additional 7,300 shares during the last quarter. Finally, HBK Investments L P acquired a new position in shares of American Capital during the first quarter valued at about $536,000. 68.14% of the stock is currently owned by institutional investors.
Shares of American Capital Ltd. (NASDAQ:ACAS) traded up 0.47% during mid-day trading on Monday, hitting $16.99. 3,310,146 shares of the stock traded hands. The stock’s market cap is $3.61 billion. The firm’s 50 day moving average price is $16.81 and its 200-day moving average price is $16.07. 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 earnings results 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. The business earned $142 million during the quarter, compared to the consensus estimate of $125.19 million. American Capital had a negative net margin of 36.45% and a positive return on equity of 5.38%. The business’s quarterly revenue was down 15.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Analysts predict that American Capital Ltd. will post $1.22 earnings per share for the current year.
Separately, JPMorgan Chase & Co. downgraded shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price objective on the stock. in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price 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.