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 0.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.09%, 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 0.06% in the last 1 week, and is up 1.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
American Capital, Ltd. is up 5.89% in the last 3-month period. Year-to-Date the stock performance stands at 19.94%. The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 2.31%.
American Capital Ltd. (NASDAQ:ACAS): The stock opened at $16.52 on Friday but the bulls could not build on the opening and the stock topped out at $16.57 for the day. The stock traded down to $16.52 during the day, due to lack of any buying support eventually closed down at $16.54 with a loss of -0.24% for the day. The stock had closed at $16.58 on the previous day. The total traded volume was 914,011 shares.
Also, JP Morgan downgrades its view on American Capital Ltd. (NASDAQ:ACAS) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Overweight. The rating by the firm was issued on August 4, 2016.
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.