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 1.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.51%, 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 0.85% in the last 1 week, and is up 1.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.8% and the fifty day Moving Average is 2.77%. American Capital, Ltd. is up 3.73% in the last three month period. Year-to-Date the stock performance stands at 20.96%.
American Capital Ltd. (ACAS) stock is expected to deviate a maximum of $2.12 from the average target price of $16 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $18 and the most muted being $15.
American Capital Ltd. (NASDAQ:ACAS): stock turned positive on Friday. Though the stock opened at $16.67, the bulls momentum made the stock top out at $16.74 level for the day. The stock recorded a low of $16.65 and closed the trading day at $16.68, in the green by 0.06%. The total traded volume for the day was 749,079. The stock had closed at $16.67 in the previous days trading.
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.