American Capital Ltd. (ACAS) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on Aug 4, 2016.
On the company’s financial health, American Capital Ltd. reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.24. The company had revenue of $142.00 million for the quarter, compared to analysts expectations of $125.19 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
American Capital Ltd. closed down -0.01 points or -0.06% at $16.49 with 8,18,978 shares getting traded on Tusday. Post opening the session at $16.51, the shares hit an intraday low of $16.45 and an intraday high of $16.525 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jul 29, 2016, Mark Wayne Lindsey (SVP and Chief Acctg Officer) sold 628 shares at $16.42 per share price. According to the SEC, on May 11, 2016, Thomas Mchale (EVP and Senior Managing Dir.) sold 9,631 shares at $15.92 per share price. On May 11, 2016, Brian Graff (President, Private Finance) sold 1,350 shares at $16.01 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.