Insider Selling: American Capital Insider Unloads 1,348 Shares of Stock (ACAS)
American Capital (NASDAQ:ACAS) Insider Gordon Obrien sold 1,348 shares of the stock on the open market in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $14.67, for a total value of $19,775.16. Following the sale, the insider now directly owns 302,603 shares of the company’s stock, valued at approximately $4,439,186. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Capital (NASDAQ:ACAS) opened at 14.76 on Friday. American Capital has a 52-week low of $11.82 and a 52-week high of $16.37. The stock’s 50-day moving average is $14.85 and its 200-day moving average is $15.1. The company’s market cap is $3.886 billion.
American Capital (NASDAQ:ACAS) last announced its earnings results on Wednesday, May 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.03. The company had revenue of $84.00 million for the quarter, compared to the consensus estimate of $123.40 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. On average, analysts predict that American Capital will post $0.73 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of American Capital in a research note on Wednesday, May 21st. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of American Capital from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $16.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of American Capital in a research note on Wednesday, April 16th. They now have a $18.50 price target on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $19.83.
American Capital, Ltd. (NASDAQ:ACAS), is an equity firm and global asset manager.
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