Sigma Planning Corp raised its stake in shares of American Capital Ltd. (NASDAQ:ACAS) by 4.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,198 shares of the company’s stock after buying an additional 1,753 shares during the period. Sigma Planning Corp’s holdings in American Capital were worth $646,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Westchester Capital Management LLC acquired a new stake in shares of American Capital during the second quarter valued at $51,242,000. JPMorgan Chase & Co. increased its stake in shares of American Capital by 423.5% in the third quarter. JPMorgan Chase & Co. now owns 2,972,414 shares of the company’s stock valued at $50,264,000 after buying an additional 2,404,647 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in shares of American Capital during the second quarter valued at $28,938,000. CNH Partners LLC acquired a new stake in shares of American Capital during the second quarter valued at $24,666,000. Finally, Trust Asset Management LLC increased its stake 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 valued at $49,655,000 after buying an additional 1,014,519 shares during the last quarter. Hedge funds and other institutional investors own 70.17% of the company’s stock.
American Capital Ltd. (NASDAQ:ACAS) opened at 17.45 on Monday. American Capital Ltd. has a 52-week low of $12.14 and a 52-week high of $17.45. The company’s 50 day moving average price is $17.03 and its 200 day moving average price is $16.51. The company’s market cap is $3.73 billion.
Separately, JPMorgan Chase & Co. downgraded 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.13.
About American Capital
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.