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 3.35% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.71%, 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 2.22% in the last 1 week, and is up 3.21% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 4.48%.The 200 Day SMA reached 12.62%. American Capital, Ltd. is up 6.63% in the last 3-month period. Year-to-Date the stock performance stands at 23.64%.
American Capital Ltd. (NASDAQ:ACAS): After opening at $16.87, the stock dipped to an intraday low of $16.87 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.08 and the buying power remained strong till the end. The stock closed at $17.05 for the day, a gain of 0.77% for the day session. The total traded volume was 1,262,805. The stocks close on the previous trading day was $16.92.
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.