Market Runner: Could American Capital Ltd. Change Direction After Achieving 52-Week High?

Market Runner: Could American Capital Ltd. Change Direction After Achieving 52 Week High?

The stock of American Capital Ltd. (NASDAQ:ACAS) hit a new 52-week high and has $24.85 target or 45.00% above today’s $17.14 share price. The 9 months bullish chart indicates low risk for the $3.72B company. The 1-year high was reported on Nov, 17 by If the $24.85 price target is reached, the company will be worth $1.67B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 278,818 shares traded hands. American Capital Ltd. (NASDAQ:ACAS) has risen 8.65% since April 15, 2016 and is uptrending. It has outperformed by 4.02% the S&P500.

American Capital Ltd. (NASDAQ:ACAS) Ratings Coverage

Out of 3 analysts covering American Capital (NASDAQ:ACAS), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $18 is the highest target while $15 is the lowest. The $16.25 average target is -5.19% below today’s ($17.14) stock price. American Capital has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by JP Morgan on Thursday, August 4 to “Neutral”. The company was maintained on Tuesday, December 8 by Compass Point. On Friday, November 6 the stock rating was upgraded by Cantor Fitzgerald to “Buy”. The firm has “Hold” rating given on Monday, August 10 by Zacks. The firm earned “Hold” rating on Thursday, August 6 by Cantor Fitzgerald.

According to Zacks Investment Research, “AMERICAN CAPITAL STRATEGIES LTD. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts, and early stage and mature private and public companies. American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations. American Capital and its affiliates invest chiefly in companies located in North America and Europe. As a publicly traded company, they offer shareholders an opportunity to invest in privately held middle market companies through ownership of their stock.”

Insitutional Activity: The institutional sentiment decreased to 0.66 in Q2 2016. Its down 0.08, from 0.74 in 2016Q1. The ratio dropped, as 45 funds sold all American Capital Ltd. shares owned while 62 reduced positions. 35 funds bought stakes while 36 increased positions. They now own 120.07 million shares or 15.51% less from 142.12 million shares in 2016Q1.
Churchill Management holds 0.32% of its portfolio in American Capital Ltd. (NASDAQ:ACAS) for 303,980 shares. Dynamic Cap Mgmt has 0.31% invested in the company for 168,614 shares. Gabelli Inc, a New York-based fund reported 65,600 shares. Ing Groep Nv holds 250,000 shares or 0.05% of its portfolio. Princeton Alpha Management Lp accumulated 0.04% or 14,852 shares. Raymond James And Associate holds 13,098 shares or 0% of its portfolio. Orinda Asset holds 82,310 shares or 1.39% of its portfolio. Tudor Inv Corporation Et Al has 0.01% invested in the company for 31,145 shares. Toronto Dominion Bancorp accumulated 0.03% or 500,000 shares. Advisory Networks owns 541 shares or 0% of their US portfolio. Fsi Gru Limited holds 1.94% or 200,000 shares in its portfolio. Global X Mngmt Co Limited Com has 2,064 shares for 0% of their US portfolio. Brown Advisory accumulated 0.25% or 4.45M shares. Moreover, Tompkins Finance has 0.01% invested in American Capital Ltd. (NASDAQ:ACAS) for 1,200 shares. Tower Rech Cap Llc (Trc) last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 28, 2016, the stock had 0 buys, and 1 sale for $10,315 net activity. 628 American Capital Ltd. (NASDAQ:ACAS) shares with value of $10,315 were sold by Lindsey Mark Wayne.

ACAS Company Profile

American Capital, Ltd. (American Capital), incorporated on February 10, 1986, is a global asset manager and private equity firm. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate, energy and structured products. It primarily invests in senior and mezzanine debt and equity in buyouts of private companies sponsored by the Company (American Capital One Stop Buyouts) or sponsored by other private equity funds and provide capital directly to early-stage and mature private and small public companies (Sponsor Finance and Other Investments). It also invests in first and second lien floating rate loans to the United States companies (Senior Floating Rate Loans or SFRL) and structured finance investments (Structured Products), including collateralized loan obligation (CLO) securities and commercial mortgages, and commercial mortgage backed securities (CMBS).

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