Advisors Asset Management Inc. Lowers Position in American Capital Senior Floating, Ltd. (NASDAQ:ACSF)

Advisors Asset Management Inc. trimmed its holdings in shares of American Capital Senior Floating, Ltd. (NASDAQ:ACSF) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,935 shares of the asset manager’s stock after selling 88,366 shares during the period. Advisors Asset Management Inc. owned about 3.84% of American Capital Senior Floating worth $4,415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ACSF. Russell Investments Group Ltd. raised its stake in shares of American Capital Senior Floating by 4.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 46,120 shares of the asset manager’s stock worth $593,000 after purchasing an additional 1,821 shares during the period. BB&T Securities LLC bought a new stake in shares of American Capital Senior Floating during the 2nd quarter worth $330,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of American Capital Senior Floating during the 2nd quarter worth $402,000. OxFORD Asset Management LLP bought a new stake in shares of American Capital Senior Floating during the 2nd quarter worth $153,000. Finally, Muzinich & Co. Inc. raised its stake in shares of American Capital Senior Floating by 17.5% during the 2nd quarter. Muzinich & Co. Inc. now owns 361,427 shares of the asset manager’s stock worth $4,644,000 after purchasing an additional 53,772 shares during the period. Institutional investors own 24.63% of the company’s stock.

Separately, TheStreet cut American Capital Senior Floating from a “b” rating to a “c+” rating in a research note on Monday, August 28th.

American Capital Senior Floating, Ltd. (NASDAQ:ACSF) traded down $0.15 during midday trading on Thursday, hitting $10.60. The stock had a trading volume of 28,461 shares, compared to its average volume of 52,330. The company has a market cap of $108.50, a PE ratio of 9.04 and a beta of 1.28. American Capital Senior Floating, Ltd. has a 12 month low of $10.35 and a 12 month high of $14.10. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.79.

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.097 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.98%. The ex-dividend date of this dividend is Thursday, December 21st. American Capital Senior Floating’s payout ratio is 37.30%.

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American Capital Senior Floating Profile

American Capital Senior Floating, Ltd. is a non-diversified closed-end investment management company. The Company’s investment objective is to provide attractive, risk-adjusted returns over the long term primarily through current income while seeking to preserve its capital. It manages a leveraged portfolio composed primarily of diversified investments in first lien and second lien floating rate loans principally to the United States-based companies (collectively, Senior Floating Rate Loans or SFRLs), which are referred to as leveraged loans.

Institutional Ownership by Quarter for American Capital Senior Floating (NASDAQ:ACSF)

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