Today: The American Capital Senior Floating Ltd. (ACSF) Given Average Recommendation of “Hold” by Brokerages

The American Capital Senior Floating Ltd. (ACSF) Given Average Recommendation of “Hold” by Brokerages

Shares of American Capital Senior Floating Ltd. (NASDAQ:ACSF) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.50.

A number of brokerages have recently issued reports on ACSF. TheStreet downgraded shares of American Capital Senior Floating from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Zacks Investment Research downgraded shares of American Capital Senior Floating from a “buy” rating to a “hold” rating in a report on Wednesday, October 5th. Citigroup Inc. lowered their price target on shares of American Capital Senior Floating from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Finally, Deutsche Bank AG raised their target price on shares of American Capital Senior Floating from $11.80 to $12.50 and gave the company a “buy” rating in a research note on Friday, August 5th.

American Capital Senior Floating (NASDAQ:ACSF) traded up 2.11% during midday trading on Monday, hitting $11.15. 39,481 shares of the stock were exchanged. The company’s 50 day moving average is $11.01 and its 200-day moving average is $10.51. American Capital Senior Floating has a 1-year low of $7.86 and a 1-year high of $11.93.

American Capital Senior Floating (NASDAQ:ACSF) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. American Capital Senior Floating had a negative net margin of 50.32% and a positive return on equity of 9.91%. On average, equities analysts expect that American Capital Senior Floating will post $1.84 earnings per share for the current fiscal year.

The business also recently announced a dividend, which will be paid on Wednesday, November 2nd. Investors of record on Friday, October 21st will be paid a $0.097 dividend. The ex-dividend date of this dividend is Wednesday, October 19th. American Capital Senior Floating’s dividend payout ratio is currently -127.47%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sigma Planning Corp acquired a new position in American Capital Senior Floating during the second quarter valued at approximately $159,000. Nuveen Fund Advisors LLC acquired a new position in American Capital Senior Floating during the second quarter valued at approximately $182,000. Raymond James & Associates acquired a new position in American Capital Senior Floating during the second quarter valued at approximately $208,000. Keeley Asset Management Corp increased its position in American Capital Senior Floating by 0.3% in the second quarter. Keeley Asset Management Corp now owns 21,587 shares of the company’s stock valued at $221,000 after buying an additional 72 shares during the period. Finally, Freestone Capital Holdings LLC acquired a new position in American Capital Senior Floating during the second quarter valued at approximately $1,599,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

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