American Capital book value gains 1%

|About: American Capital (ACAS)|By:, SA News Editor

American Capital (ACAS) book value per share of $19.28 vs. $19.04 at Q1's end, $16.62 a year ago. Current share price of $13.48 a 30% discount.

$0.07 net earnings/share, down $0.64 from a year ago thanks to poor performance (leading to reduced management fees) at American Capital Agency (AGNC) and American Capital Mortgage (MTGE).

1.5% annualized ROE.

9.1M shares repurchased at average of $13.77 each, accretive to book value by $0.17/share.

Earnings call tomorrow at 11 ET. (PR).

Earlier: Earnings report.