American Capital Ltd.(NASDAQ:ACAS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $142.00M. Analysts estimated a revenue of $126.19M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.24.
In a different note, On May 16, 2016, Keefe Bruyette & Woods said it Maintains its rating on American Capital Ltd.. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Market Perform’ by the firm.
American Capital Ltd. (ACAS) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.12% at a volume of 7,00,139. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.55. The peak price level was also seen at $16.55 while the days lowest was $16.5. Finally the shares closed at $16.53. The 52-week high of the shares is $16.62 while the 52-week low is $11.92. According to the latest information available, the market cap of the company is $3,561 M.
Several Insider Transactions has been reported to the SEC. On Jul 29, 2016, Mark Wayne Lindsey (SVP and Chief Acctg Officer) sold 628 shares at $16.42 per share price.Also, On May 11, 2016, Thomas Mchale (EVP and Senior Managing Dir.) sold 9,631 shares at $15.92 per share price.On May 11, 2016, Brian Graff (President, Private Finance) sold 1,350 shares at $16.01 per share price, according to the Form-4 filing with the securities and exchange commission.
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.