American Capital Ltd. (ACAS) : Traders are bullish on American Capital Ltd. (ACAS) as it has outperformed the S&P 500 by a wide margin of 2.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.01%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.06% in the last 1 week, and is up 3.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.77% and the 50-Day Moving Average is 2.58%. American Capital Ltd. (NASDAQ:ACAS): On Fridays trading session , Opening price of the stock was $16.52 with an intraday high of $16.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $16.5. However, the stock managed to close at $16.53, a loss of 0.12% for the day. On the previous day, the stock had closed at $16.55. The total traded volume of the day was 700,139 shares.
The company Insiders own 9.2% of American Capital Ltd. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.14% . Institutional Investors own 68.62% of American Capital Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -16.5%. Also, Brokerage firm JP Morgan downgrades its rating on American Capital Ltd. (NASDAQ:ACAS). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on August 4, 2016.
American Capital, Ltd. is a global asset manager and private equity firm. The Firm 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. It invests in senior and mezzanine debt and equity in buyouts of private companies sponsored by the Company or sponsored by other private equity funds and provides capital to early stage and mature private and small public companies. It also invests in first and second lien floating rate loans to large-market United States based companies and structured finance investments, including loan securities, debt obligation securities and commercial mortgages and commercial mortgage backed securities. Its business objectives are to increase its net earnings and net asset value by making investments with yields and/or potential for equity and gains and by growing its fee earning assets under management.