State of Wisconsin Investment Board Holds Stake in American Capital Ltd. (ACAS)
State of Wisconsin Investment Board continued to hold its stake in American Capital Ltd. (NASDAQ:ACAS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,000 shares of the company’s stock at the end of the third quarter. State of Wisconsin Investment Board’s holdings in American Capital were worth $3,703,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of ACAS. Westchester Capital Management LLC bought a new stake in American Capital during the second quarter valued at $51,242,000. Alpine Associates Management Inc. acquired a new position in shares of American Capital during the second quarter worth approximately $28,938,000. CNH Partners LLC acquired a new position in shares of American Capital during the second quarter worth approximately $24,666,000. Trust Asset Management LLC boosted its position in shares of American Capital by 47.8% in the second quarter. Trust Asset Management LLC now owns 3,136,737 shares of the company’s stock worth $49,655,000 after buying an additional 1,014,519 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of American Capital during the second quarter worth approximately $15,830,000. Institutional investors and hedge funds own 70.17% of the company’s stock.
Shares of American Capital Ltd. (NASDAQ:ACAS) traded up 0.17% during midday trading on Tuesday, reaching $17.32. 826,023 shares of the company’s stock were exchanged. American Capital Ltd. has a 12-month low of $12.14 and a 12-month high of $17.45. The stock’s market cap is $3.70 billion. The stock’s 50 day moving average is $17.04 and its 200-day moving average is $16.53.
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Separately, JPMorgan Chase & Co. cut shares of American Capital from an “overweight” rating to a “neutral” rating and set a $17.50 target price on the stock. in a research report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. American Capital has a consensus rating of “Hold” and a consensus price target 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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