Redwood Capital Management Lowers stake in American Capital Ltd. (ACAS)

American Capital Ltd. (ACAS) : Redwood Capital Management reduced its stake in American Capital Ltd. by 80.05% during the most recent quarter end. The investment management company now holds a total of 200,000 shares of American Capital Ltd. which is valued at $3,408,000 after selling 802,700 shares in American Capital Ltd. , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American Capital Ltd. makes up approximately 0.47% of Redwood Capital Management’s portfolio.

Other Hedge Funds, Including , Qs Investors sold out all of its stake in ACAS during the most recent quarter. The investment firm sold 2,928 shares of ACAS which is valued $49,893.Acrospire Investment Management reduced its stake in ACAS by selling 4,100 shares or 57.2% in the most recent quarter. The Hedge Fund company now holds 3,068 shares of ACAS which is valued at $52,340. American Capital Ltd. makes up approx 0.04% of Acrospire Investment Management’s portfolio.Hap Trading boosted its stake in ACAS in the latest quarter, The investment management firm added 4,850 additional shares and now holds a total of 41,677 shares of American Capital Ltd. which is valued at $708,926. American Capital Ltd. makes up approx 0.04% of Hap Trading’s portfolio.Bw Gestao De Investimentos Ltda. reduced its stake in ACAS by selling 2,965 shares or 4.82% in the most recent quarter. The Hedge Fund company now holds 58,585 shares of ACAS which is valued at $996,531. American Capital Ltd. makes up approx 0.70% of Bw Gestao De Investimentos Ltda.’s portfolio.Capital Investment Advisors reduced its stake in ACAS by selling 585 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 21,083 shares of ACAS which is valued at $355,459. American Capital Ltd. makes up approx 0.03% of Capital Investment Advisors’s portfolio.

American Capital Ltd. opened for trading at $17.1 and hit $17.24 on the upside on Monday, eventually ending the session at $17.24, with a gain of 0.52% or 0.09 points. The heightened volatility saw the trading volume jump to 8,06,975 shares. Company has a market cap of $3,726 M.

On the company’s financial health, American Capital Ltd. reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.18. The company had revenue of $94.00 million for the quarter, compared to analysts expectations of $107.71 million. The company’s revenue was down -33.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

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.

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