American Capital EVP Samuel Allan Flax Sells 1,013 Shares (ACAS)
American Capital (NASDAQ:ACAS) EVP Samuel Allan Flax sold 1,013 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.34, for a total transaction of $13,513.42. Following the transaction, the executive vice president now directly owns 430,027 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ACAS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of American Capital (NASDAQ:ACAS) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $12.00 price target on the stock. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of American Capital (NASDAQ:ACAS) in a research note to investors on Wednesday, July 17th. They now have a $27.00 price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of American Capital (NASDAQ:ACAS) from $25.25 to $20.50 in a research note to investors on Wednesday, July 17th. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.43.
Shares of American Capital (NASDAQ:ACAS) traded down 0.52% on Wednesday, hitting $13.30. The stock had a trading volume of 1,978,636 shares. American Capital has a 52 week low of $11.12 and a 52 week high of $15.24. The stock has a 50-day moving average of $13.10 and a 200-day moving average of $13.66. The company has a market cap of $3.849 billion and a price-to-earnings ratio of 6.22.
American Capital (NASDAQ:ACAS) last released its earnings data on Tuesday, July 30th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.23 by $0.07. The company had revenue of $130.00 million for the quarter, compared to the consensus estimate of $133.74 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The company’s quarterly revenue was down 20.2% on a year-over-year basis. On average, analysts predict that American Capital will post $0.88 earnings per share for the current fiscal year.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
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