GRT Capital Partners L.L.C. Has $131,000 Position in AeroCentury Corp. (ACY)
GRT Capital Partners L.L.C. reduced its stake in shares of AeroCentury Corp. (NYSEMKT:ACY) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,449 shares of the financial services provider’s stock after selling 2,200 shares during the quarter. GRT Capital Partners L.L.C. owned 0.74% of AeroCentury Corp. worth $131,000 as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC increased its holdings in AeroCentury Corp. by 7.8% during the 1st quarter. Renaissance Technologies LLC now owns 18,000 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 1,300 shares during the last quarter.
Several equities research analysts have issued reports on the company. ValuEngine downgraded AeroCentury Corp. from a “strong-buy” rating to a “buy” rating in a report on Monday, September 11th. Zacks Investment Research downgraded AeroCentury Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th.
Shares of AeroCentury Corp. (ACY) opened at 12.85 on Friday. The stock has a market capitalization of $18.20 million, a P/E ratio of 13.25 and a beta of 0.15. AeroCentury Corp. has a 12-month low of $8.50 and a 12-month high of $16.10. The firm’s 50-day moving average price is $11.89 and its 200 day moving average price is $11.19.
AeroCentury Corp. (NYSEMKT:ACY) last posted its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. AeroCentury Corp. had a return on equity of 3.50% and a net margin of 4.32%. The business had revenue of $7.11 million during the quarter, compared to analysts’ expectations of $7.84 million. Analysts predict that AeroCentury Corp. will post $1.77 EPS for the current fiscal year.
About AeroCentury Corp.
AeroCentury Corp. acquires used regional aircraft and aircraft engines for lease to regional carriers all over the world. The Company’s segment is leasing of regional aircraft to foreign and domestic regional airlines. The business of the Company is managed by JetFleet Management Corp. (JMC), an integrated aircraft management, marketing and financing business.
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