Insider Selling: American Capital Director Unloads 20,000 Shares of Stock (ACAS)
American Capital (NASDAQ:ACAS) Director Mary Baskin unloaded 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $13.14, for a total transaction of $262,800.00. Following the transaction, the director now directly owns 25,452 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ACAS. 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, September 9th. 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $17.43.
Shares of American Capital (NASDAQ:ACAS) traded down 0.38% during mid-day trading on Monday, hitting $13.14. The stock had a trading volume of 1,485,990 shares. American Capital has a 52 week low of $11.12 and a 52 week high of $15.24. The stock’s 50-day moving average is $13.06 and its 200-day moving average is $13.65. The company has a market cap of $3.803 billion and a price-to-earnings ratio of 6.14.
American Capital (NASDAQ:ACAS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.58 earnings per share. The company’s revenue for the quarter was down 20.2% on a year-over-year basis. Analysts expect that American Capital will post $0.88 EPS for the current fiscal year.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.