American Capital Ltd (ACAS) Tops Q3 EPS by 7c

American Capital Ltd (NASDAQ: ACAS) reported Q3 EPS of $0.24, $0.07 better than the analyst estimate of $0.17.

"We are pleased that NAV per share grew 8% annualized during the quarter to $20.54, and year-to-date at an 11% annualized rate," said Malon Wilkus, Chairman and Chief Executive Officer. "During the quarter, we had $1.1 billion in realizations at excellent exit values, which were, in aggregate, 8% greater than the prior quarter's fair value. We invested $825 million in Senior Floating Rate Loans and $618 million of investments in total for Sponsor Finance Loans, CLO equity and ACAM. European Capital continued to generate significant liquidity, distributing to American Capital $127 million this quarter and $265 million year-to-date. And, this quarter ACAM raised a $1.1 billion private equity fund and a new $619 million CLO. This was a very good quarter for American Capital."

Separately, the company announced plans to split into three companies.

For earnings history and earnings-related data on American Capital Ltd (ACAS) click here.

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