American Capital Senior Floating Ltd (ACSF) Posts Earnings Results, Beats Estimates By $0.02 EPS
American Capital Senior Floating Ltd (NASDAQ:ACSF) issued its quarterly earnings data on Wednesday. The asset manager reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.02. American Capital Senior Floating had a return on equity of 9.78% and a net margin of 46.90%. The firm had revenue of $4.61 million during the quarter.
Shares of American Capital Senior Floating (NASDAQ:ACSF) traded down 0.37% on Thursday, hitting $13.40. The stock had a trading volume of 25,807 shares. The firm’s 50-day moving average is $13.49 and its 200 day moving average is $12.53. The stock has a market cap of $134.00 million, a P/E ratio of 4.39 and a beta of 1.33. American Capital Senior Floating has a 1-year low of $9.77 and a 1-year high of $14.10.
The company also recently announced a may 17 dividend, which will be paid on Friday, June 2nd. Stockholders of record on Wednesday, May 24th will be given a $0.097 dividend. The ex-dividend date is Monday, May 22nd. American Capital Senior Floating’s payout ratio is 138.10%.
Separately, TheStreet upgraded American Capital Senior Floating from a “c” rating to a “b-” rating in a research note on Tuesday, March 28th.
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Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in American Capital Senior Floating by 5.7% in the first quarter. Wells Fargo & Company MN now owns 18,481 shares of the asset manager’s stock valued at $254,000 after buying an additional 1,001 shares in the last quarter. Eagle Global Advisors LLC raised its stake in American Capital Senior Floating by 52.9% in the first quarter. Eagle Global Advisors LLC now owns 21,249 shares of the asset manager’s stock valued at $292,000 after buying an additional 7,350 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in American Capital Senior Floating by 9.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 50,700 shares of the asset manager’s stock valued at $603,000 after buying an additional 4,300 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in American Capital Senior Floating during the first quarter valued at $609,000. Finally, Stifel Financial Corp raised its stake in American Capital Senior Floating by 21.5% in the first quarter. Stifel Financial Corp now owns 83,254 shares of the asset manager’s stock valued at $1,154,000 after buying an additional 14,737 shares in the last quarter. Institutional investors own 22.18% of the company’s stock.
American Capital Senior Floating Company Profile
American Capital Senior Floating, Ltd. is a non-diversified closed-end investment management company. The Company’s investment objective is to provide attractive, risk-adjusted returns over the long term primarily through current income while seeking to preserve its capital. It manages a leveraged portfolio composed primarily of diversified investments in first lien and second lien floating rate loans principally to the United States-based companies (collectively, Senior Floating Rate Loans or SFRLs), which are referred to as leveraged loans.
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