American Capital Ltd. (NASDAQ:ACAS) has tumbled 0.56% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.66% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.63% and the outperformance has advanced to 0.74% for the last 4 weeks period.
American Capital Ltd. (NASDAQ:ACAS): The stock opened at $15.95 on Friday but the bulls could not build on the opening and the stock topped out at $15.97 for the day. The stock traded down to $15.85 during the day, due to lack of any buying support eventually closed down at $15.88 with a loss of -0.31% for the day. The stock had closed at $15.93 on the previous day. The total traded volume was 2,481,043 shares.
The company shares have rallied 13.35% from its 1 Year high price. On May 31, 2016, the shares registered one year high at $16.19 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $15.89 and the 200 Day Moving Average price is recorded at $14.73.
On the companys insider trading activities, Mchale Thomas, officer (EVP and Senior Managing Dir.) of American Capital, Ltd, unloaded 9,631 shares at an average price of $15.92 on May 11, 2016. The total amount of the transaction was worth $153,326, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Keefe Bruyette & Woods maintains the rating on American Capital Ltd. (NASDAQ:ACAS). The brokerage firm has issued a Market Perform rating on the shares. The Analysts at the ratings agency raises the price target from $16 per share to $17.5 per share. The rating by the firm was issued on May 16, 2016. Currently 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 -9.3% . Institutional Investors own 73.19% of American Capital Ltd. shares. During last six month period, the net percent change held by insiders has seen a change of -22.21%.
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.