American Capital Ltd. (ACAS) reported quarterly earnings results on Friday, May-6-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.20. The company posted revenue of $162.00 million in the period, compared to analysts expectations of $131.08 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
American Capital Ltd. opened for trading at $15.68 and hit $15.99 on the upside on Wednesday, eventually ending the session at $15.83, with a gain of 0.76% or 0.12 points. The heightened volatility saw the trading volume jump to 16,54,812 shares. Company has a market cap of $3,789 M.
In a different news, on Apr 26, 2016, Gordon Obrien (Pres., Specialty Fin. & Ops.) sold 1,264 shares at $15.73 per share price. According to the SEC, on Apr 26, 2016, John R Erickson (CFO and Pres., Structured Fin.) sold 1,314 shares at $15.73 per share price. On Apr 26, 2016, Brian Graff (President, Private Finance) sold 1,242 shares at $15.72 per share price, according to the Form-4 filing with the securities and exchange commission.
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.