Insider Selling: American Capital Insider Sells 62,696 Shares of Stock (ACAS)
American Capital (NASDAQ:ACAS) Insider Gordon Obrien unloaded 62,696 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $14.91, for a total value of $934,797.36. Following the completion of the transaction, the insider now directly owns 295,603 shares of the company’s stock, valued at approximately $4,407,441. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Compass Point raised their price target on shares of American Capital from $18.00 to $19.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.00.
Shares of American Capital (NASDAQ:ACAS) traded up 0.67% during mid-day trading on Monday, hitting $15.07. The stock had a trading volume of 3,358,375 shares. American Capital has a one year low of $11.82 and a one year high of $16.37. The stock has a 50-day moving average of $14.8 and a 200-day moving average of $15.1. The company’s market cap is $3.968 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. Analysts expect that American Capital will post $0.71 EPS for the current fiscal year.
American Capital, Ltd. (NASDAQ:ACAS), is an equity firm and global asset manager.
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