Havens Advisors LLC Holds Stake in American Capital Ltd. (ACAS)
Havens Advisors LLC continued to hold its position in shares of American Capital Ltd. (NASDAQ:ACAS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,000 shares of the company’s stock at the end of the third quarter. American Capital accounts for approximately 1.4% of Havens Advisors LLC’s holdings, making the stock its 22nd largest position. Havens Advisors LLC’s holdings in American Capital were worth $1,776,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acrospire Investment Management LLC bought a new position in shares of American Capital during the second quarter worth about $113,000. Creative Planning boosted its stake in American Capital by 51.2% in the second quarter. Creative Planning now owns 9,572 shares of the company’s stock worth $152,000 after buying an additional 3,241 shares during the period. Advisory Research Inc. boosted its stake in American Capital by 0.6% in the second quarter. Advisory Research Inc. now owns 11,623 shares of the company’s stock worth $184,000 after buying an additional 66 shares during the period. Marshall Wace LLP acquired a new stake in American Capital during the second quarter worth approximately $206,000. Finally, Invictus RG acquired a new stake in American Capital during the second quarter worth approximately $219,000. 70.17% of the stock is owned by institutional investors.
Shares of American Capital Ltd. (NASDAQ:ACAS) traded down 0.92% during mid-day trading on Monday, hitting $17.29. The company had a trading volume of 1,297,783 shares. The firm’s market capitalization is $3.70 billion. The firm has a 50-day moving average price of $17.04 and a 200 day moving average price of $16.53. American Capital Ltd. has a 12 month low of $12.14 and a 12 month high of $17.45.
Separately, JPMorgan Chase & Co. cut American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 price objective for the company. in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $17.13.
American Capital Company Profile
American Capital, Ltd. (American Capital) 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.
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