American Capital Sees Unusually High Options Volume (ACAS)
American Capital (NASDAQ:ACAS) was the target of some unusual options trading activity on Friday. Stock investors purchased 15,932 call options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 1,154% compared to the average volume of 1,271 call options.
In other American Capital news, EVP Samuel Allan Flax sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $15.52, for a total value of $49,664.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ACAS. 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $18.13.
Shares of American Capital (NASDAQ:ACAS) traded up 1.42% on Friday, hitting $15.74. The stock had a trading volume of 3,234,054 shares. American Capital has a one year low of $12.42 and a one year high of $16.37. The stock’s 50-day moving average is $15.16 and its 200-day moving average is $15.18. The company’s market cap is $4.144 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 $0.69 EPS for the current fiscal year.
American Capital, Ltd. (NASDAQ:ACAS) is an equity firm and global asset manager.
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