Shares of American Capital Ltd. (NASDAQ:ACAS) ended Thursday session in red amid volatile trading. The shares closed down -0.01 points or -0.06% at $16.94 with 2.56 million shares getting traded. Post opening the session at $16.97, the shares hit an intraday low of $16.93 and an intraday high of $17.05 and the price vacillated in this range throughout the day. The company has a market cap of $3.68 billion and the numbers of outstanding shares have been calculated to be 215.45 million shares.
American Capital Ltd. (ACAS) on Aug. 3, 2016 announced consolidated net operating income (“NOI”) before income taxes for the quarter ended June 30, 2016 of $71 million, or $0.31 per diluted share, a 6% annualized return on equity. Consolidated NOI for the quarter ended June 30, 2016 was $46 million, or $0.20 per diluted share. Consolidated net earnings for the quarter ended June 30, 2016 was $106 million, or $0.47 per diluted share. As of June 30, 2016, net asset value (“NAV”) per share was $20.77, a $0.63 per share increase from the March 31, 2016 NAV per share of $20.14.
On May 23, 2016, American Capital entered into a Merger Agreement (the “Merger Agreement”) with Ares Capital Corporation (“Ares Capital”) and certain of its affiliates under which Ares Capital will acquire American Capital. In connection with the Merger Agreement, American Capital incurred non-recurring costs of approximately $13 million in the quarter ended June 30, 2016. American Capital also agreed under the Merger Agreement to certain restrictions on its operations going forward, including restrictions on new investment activity, asset dispositions, personnel actions and certain other matters. Also on May 23, 2016, American Capital agreed to the sale of its wholly-owned affiliate American Capital Mortgage Management, LLC (“ACMM”) to American Capital Agency Corp. (“AGNC”) for $562 million. That transaction closed on July 1, 2016.
Shares of CBRE Group Inc (NYSE:CBG) ended Thursday session in red amid volatile trading. The shares closed down -0.11 points or -0.38% at $28.59 with 2.54 million shares getting traded. Post opening the session at $29.04, the shares hit an intraday low of $28.56 and an intraday high of $29.09 and the price vacillated in this range throughout the day. The company has a market cap of $9.75 billion and the numbers of outstanding shares have been calculated to be 335.62 million shares.
On September 13, 2016 CBRE Group, Inc. (CBG) has been named the top global real estate advisory firm in the annual Euromoney Real Estate Awards for the fifth consecutive year. Globally, CBRE was also ranked highest overall in the Sales/Leasing, Valuation and Research categories.
In addition to the global awards, CBRE was named as the leading real estate advisory firm in Western Europe, North America and Africa as well as in 21 individual countries, including Australia, France, Japan, the United Kingdom and the United States.
Euromoney, a leading international finance publication, annually surveys the opinions of real estate advisors, developers, investment managers, corporate end-users and banks worldwide to determine the best providers of real estate services. Industry professionals from more than 160 countries participated in this year’s survey.
“The Euromoney awards are important because they reflect the perceptions of our clients and industry peers around the world. Our strong performance in this program—year-in and year-out—underscores the ongoing success of our people in delivering distinct advantages to our clients,” said Bob Sulentic, President & Chief Executive Officer, CBRE.