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

American Capital Ltd. (ACAS) : Rivernorth Capital Management reduced its stake in American Capital Ltd. by 9.3% during the most recent quarter end. The investment management company now holds a total of 4,847,540 shares of American Capital Ltd. which is valued at $80,129,836 after selling 497,305 shares in American Capital Ltd. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Capital Ltd. makes up approximately 4.57% of Rivernorth Capital Management’s portfolio.

Other Hedge Funds, Including , Millennium Management reduced its stake in ACAS by selling 774,492 shares or 30.96% in the most recent quarter. The Hedge Fund company now holds 1,727,420 shares of ACAS which is valued at $28,554,253. American Capital Ltd. makes up approx 0.07% of Millennium Management’s portfolio.Parametric Portfolio Associates reduced its stake in ACAS by selling 112,094 shares or 68.25% in the most recent quarter. The Hedge Fund company now holds 52,143 shares of ACAS which is valued at $861,924.Hsbc Holdings Plc boosted its stake in ACAS in the latest quarter, The investment management firm added 825 additional shares and now holds a total of 407,853 shares of American Capital Ltd. which is valued at $6,741,810. American Capital Ltd. makes up approx 0.02% of Hsbc Holdings Plc’s portfolio. Sii Investments Incwi sold out all of its stake in ACAS during the most recent quarter. The investment firm sold 24,742 shares of ACAS which is valued $410,222.Advisors Asset Management reduced its stake in ACAS by selling 160,990 shares or 33.85% in the most recent quarter. The Hedge Fund company now holds 314,539 shares of ACAS which is valued at $5,205,620. American Capital Ltd. makes up approx 0.08% of Advisors Asset Management’s portfolio.

American Capital Ltd. opened for trading at $16.87 and hit $16.95 on the upside on Thursday, eventually ending the session at $16.92, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 12,08,667 shares. Company has a market cap of $3,645 M.

On the company’s financial health, American Capital Ltd. reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.24. The company had revenue of $142.00 million for the quarter, compared to analysts expectations of $125.19 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on American Capital Ltd.. American Capital Ltd. was Downgraded by JP Morgan to ” Neutral” on Aug 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.

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