Insider Selling: American Capital SVP Sells 3,133 Shares of Stock (ACAS)
American Capital (NASDAQ:ACAS) SVP Brian Graff sold 3,133 shares of American Capital stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $15.05, for a total transaction of $47,151.65. Following the completion of the sale, the senior vice president now directly owns 135,004 shares of the company’s stock, valued at approximately $2,031,810. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of American Capital (NASDAQ:ACAS) traded up 2.93% on Thursday, hitting $15.79. 7,321,275 shares of the company’s stock traded hands. American Capital has a 52-week low of $11.82 and a 52-week high of $16.37. The stock has a 50-day moving average of $15.64 and a 200-day moving average of $14.35. The company has a market cap of $4.266 billion and a P/E ratio of 25.15. American Capital also was the recipient of unusually large options trading activity on Wednesday. Traders purchased 21,771 call options on the stock. This is an increase of 892% compared to the typical daily volume of 2,194 call options.
American Capital (NASDAQ:ACAS) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.10. The company had revenue of $118.00 million for the quarter, compared to the consensus estimate of $136.14 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was down 34.4% on a year-over-year basis. Analysts expect that American Capital will post $1.00 EPS for the current fiscal year.
A number of analysts have recently weighed in on ACAS shares. Analysts at Zacks downgraded shares of American Capital from a “hold” rating to a “sell” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.20.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
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