Whitebox Advisors Lowers stake in American Capital Ltd. (ACAS)

American Capital Ltd. (ACAS) : Whitebox Advisors reduced its stake in American Capital Ltd. by 20.06% during the most recent quarter end. The investment management company now holds a total of 3,868,667 shares of American Capital Ltd. which is valued at $61,937,359 after selling 970,654 shares in American Capital Ltd. , the firm said in a disclosure report filed with the SEC on May 3, 2016.American Capital Ltd. makes up approximately 9.39% of Whitebox Advisors’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers reduced its stake in ACAS by selling 700 shares or 2.52% in the most recent quarter. The Hedge Fund company now holds 27,100 shares of ACAS which is valued at $433,871.Ifp Advisors Inc boosted its stake in ACAS in the latest quarter, The investment management firm added 829 additional shares and now holds a total of 9,343 shares of American Capital Ltd. which is valued at $149,581. American Capital Ltd. makes up approx 0.01% of Ifp Advisors Inc’s portfolio. Fox Run Management L.l.c. sold out all of its stake in ACAS during the most recent quarter. The investment firm sold 21,200 shares of ACAS which is valued $333,688.

American Capital Ltd. opened for trading at $15.82 and hit $16.025 on the upside on Tuesday, eventually ending the session at $15.92, with a gain of 0.70% or 0.11 points. The heightened volatility saw the trading volume jump to 19,51,356 shares. Company has a market cap of $3,476 M.

On the company’s financial health, American Capital Ltd. reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.20. The company had revenue of $162.00 million for the quarter, 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. 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.

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