Insider Selling: Brian Graff Sells 10,933 Shares of American Capital Stock (ACAS)
American Capital (NASDAQ:ACAS) SVP Brian Graff unloaded 10,933 shares of the company’s stock on the open market in a transaction dated Thursday, July 10th. The stock was sold at an average price of $15.47, for a total transaction of $169,133.51. Following the sale, the senior vice president now directly owns 118,718 shares of the company’s stock, valued at approximately $1,836,567. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of American Capital (NASDAQ:ACAS) traded down 0.71% on Friday, hitting $15.48. 1,438,520 shares of the company’s stock traded hands. American Capital has a one year low of $12.42 and a one year high of $16.37. The stock has a 50-day moving average of $15.01 and a 200-day moving average of $15.19. The company’s market cap is $4.076 billion. American Capital also was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 9,397,648 shares, a growth of 41.2% from the June 13th total of 6,655,826 shares. Approximately 3.6% of the company’s stock are sold short. Based on an average daily volume of 5,047,080 shares, the days-to-cover ratio is presently 1.9 days.
American Capital (NASDAQ:ACAS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 36.8% on a year-over-year basis. On average, analysts predict that American Capital will post $0.69 earnings per share for the current fiscal year.
ACAS has been the subject of a number of recent research reports. 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, June 5th. 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 investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $20.00.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
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