NEW YORK, August 22, 2016 /PRNewswire/ --
Stock-Callers.com today is reviewing four equities, namely, American Capital Ltd (NASDAQ: ACAS), Prospect Capital Corp. (NASDAQ: PSEC), Waddell & Reed Financial Inc. (NYSE: WDR), and Janus Capital Group Inc. (NYSE: JNS). As per The Boston Consulting Group's 14th annual global asset management industry report, advanced digital technologies, techniques, and data and analytics should serve as competitive advantages for asset managers as they continue to transform their operating models and keep pace with fast-moving financial firms. Download the free research reports on these stocks today:
Shares in Bethesda, Maryland-based American Capital Ltd ended Friday's session 0.24% lower at $16.54 with a total trading volume of 914,011 shares. The stock has advanced 1.66% in the last month, 5.89% over the previous three months, and 19.94% on an YTD basis. The Company's shares are trading 2.31% above their 50-day moving average and 10.26% above their 200-day moving average. Moreover, shares of American Capital, which seeks to invest in senior debt mezzanine, unitranche, and equity financing for buyouts of private equity firms and direct in private and public companies have a Relative Strength Index (RSI) of 60.03.
On August 3rd, 2016, American Capital reported that consolidated net operating income (NOI) for the quarter ended June 30th, 2016 was $46 million, or $0.20 per diluted share. As of June 30th, 2016, net asset value per share was $20.77, a $0.63 per share increase from the March 31st, 2016 NAV per share of $20.14.
On August 04th, 2016, research firm JP Morgan downgraded the Company's stock rating from 'Overweight' to 'Neutral'. See our free and comprehensive research report on ACAS at:
Prospect Capital Corp.'s shares saw a decline of 0.47%, closing the day at $8.42 with a total trading volume of 1.71 million shares. The stock has advanced 2.58% in the last month, 16.52% in the previous three months, and 30.61% since the start of this year. The Company's shares are trading 5.26% above their 50-day moving average and 20.82% above their 200-day moving average. Additionally, shares of Prospect Capital, which specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions, have an RSI of 65.16.
On July 29th, 2016, Prospect Capital announced that it has invested $65.0 million in first lien senior secured floating rate debt issued by Universal Turbine Parts, LLC ("UTP") in conjunction with the acquisition of UTP led by ICV Partners, a middle market private equity firm. PSEC free research report PDF is just a click away at:
Waddell & Reed Financial
Last Friday, shares in Overland Park, Kansas-based Waddell & Reed Financial Inc. dropped 0.32%, closing the session at $18.77. The stock recorded a trading volume of 1.16 million shares. The Company's shares have advanced 0.37% in the last month and are trading 4.02% above their 50-day moving average. Furthermore, shares of Waddell & Reed Financial, which through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the US, have an RSI of 51.85.
On July 26th, 2016, Waddell & Reed Financial reported Q2 2016 net income of $33.7 million, or $0.41 per diluted share, compared to net income of $67.4 million, or $0.80 per diluted share, during Q2 2015.The Company noted that as of June 30th, 2016, assets under management declined 9% sequentially to $86 billion.
On July 27th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $29 a share to $26 a share. Sign up for your complimentary report on WDR at:
Janus Capital Group
Denver, Colorado-based Janus Capital Group Inc.'s shares finished the session 0.07% lower at $14.71 with a total trading volume of 659,827 shares. The stock has advanced 0.41% in the last month, 3.78% over the previous three months, and 6.84% on YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.93% and 5.15%, respectively. Additionally, shares of Janus Capital Group, which provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients, have an RSI of 51.10.
On July 26th, 2016, Janus Capital Group reported Q2 2016 net income of $39.0 million, or $0.21 per diluted share, compared with net income of $44.7 million, or $0.23 per diluted share, in Q2 2015. The company's average assets under management during Q2 2016 were $189.3 billion compared with $193.0 billion in Q2 2015. Register for free on Stock-Callers.com and download the latest research report on JNS at:
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