Deutsche Bank Maintains American Capital Senior Floating Ltd to Buy with Price Target $12.50

Brokerage firm Deutsche Bank Maintains its rating on American Capital Senior Floating Ltd(NASDAQ:ACSF). In a research note issued to the investors, the brokerage major Raises the price-target to $12.50 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Aug 5, 2016.

American Capital Senior Floating Ltd (ACSF) made into the market gainers list on Wednesdays trading session with the shares advancing 0.46% or 0.05 points. Due to strong positive momentum, the stock ended at $10.88, which is also near the day’s high of $10.91. The stock began the session at $10.89 and the volume stood at 33,830 shares. The 52-week high of the shares is $12.8 and the 52 week low is $7.86. The company has a current market capitalization of $109 M and it has 1,00,00,100 shares in outstanding.

American Capital Senior Floating Ltd has also declared a cash dividend of $0.0970 on Aug 3, 2016. The shares will quote ex-dividend on Aug 19, 2016 and the record date has been fixed on Aug 23, 2016. The dividend payable date has been fixed on Sep 2, 2016.

American Capital Senior Floating Ltd(ACSF) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $4.27M. Analysts had an estimated revenue of $4.23M. Earnings per share were $0.30. Analysts had estimated an EPS of $0.28.

Several Insider Transactions has been reported to the SEC. On Feb 23, 2016, Gilbert Crawford (director) purchased 500 shares at $8.03 per share price.Also, On Nov 6, 2015, John R Erickson (CFO) purchased 3,250 shares at $10.61 per share price.On Feb 20, 2015, Larry K Harvey (director) purchased 6,000 shares at $13.59 per share price, according to the Form-4 filing with the securities and exchange commission.

American Capital Senior Floating Ltd. (ACSF) is an externally managed non-diversified closed-end investment management company. The Company’s investment objective is to provide attractive risk-adjusted returns over the long term primarily through current income while seeking to preserve its capital. ACSF manages a leveraged portfolio which are commonly referred to as leveraged loans. The Company’s investments are focused on Senior Secured Floating Rate Loans and collateralized loan obligations (CLOs). The Company also invests in equity tranches of CLOs which are securitized vehicles collateralized primarily by loans. As of December 31 2014 ACSF’s investment portfolio totaled $276.4 million at fair value and its net asset value (NAV) was $144.2 million. The Company’s portfolio includes 117 Loan obligors totaling approximately $224.8 million and 16 CLO equity investments totaling approximately $51.6 million.

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