Seeking Alpha

American Capital repurchased 3.2% of float in Q4

  • Open market purchases of about 8.9M shares represent 3.2% of the outstanding stock as of September 30. The average purchase price was $14.88, putting the total cost at $132.5M.
  • Since 2011 Q3, the company has bought back 26.9% of the float at an average price of $11.39 each - accretive to book value by $1.69 per share.
  • Net asset value as of September 30 was $19.54 per share.
  • Press release
Comments (1)
  • At this rate they should be able to pay nearly $3/share each year by the time the buyback switches over to a dividend. Great stuff, still undervalued
    30 Dec 2013, 07:26 PM Reply Like
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