- CEO
- Robert C. Ammerman
- Full Time Employees
- 4
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Jericho Quadrangle, Suite 109 Jericho NY United States of America 11753
- IPO Date
- Oct 7, 2003
- Business
- Ameritrans Capital Corporation is an internally managed closed-end investment company headquartered in Jericho, New York. The company primarily focuses on investment activities categorized into four main types of securities: corporate loans receivable, commercial loans receivable, life insurance settlements, and equity investments. Ameritrans operates through its wholly owned subsidiary, Elk Associates Funding Corporation, which is licensed as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration. The firm's investment strategy emphasizes secured loans that are often backed by real estate mortgages or, in the case of corporate loans, generally senior within the capital structure. Founded in the early 1980s, Ameritrans remains active in the asset management sector in the United States.
Recent major changes include ongoing strategic adjustments in their loan portfolio management and investment focus to adapt to market conditions, though no public announcements indicate significant new product launches, partnerships, or acquisitions within the last one to two years. The company has maintained its core business model centered on providing secured lending and investment management services, leveraging its subsidiary status and SBA licensing to support small business investments. Ameritrans continues to serve institutional and accredited investors seeking exposure to diversified credit and insurance settlement assets through its closed-end structure. Its latest preferred stock issuance is identified as Ameritrans Capital Corp. PFD PRT 9.375% under ticker AMTPQ.
In summary, Ameritrans Capital Corporation specializes in managing a diversified portfolio of fixed-income investments with a focus on corporate and commercial loans, life insurance settlements, and equity investment assets predominantly within the U.S. market, operating under a closed-end fund structure with subsidiary and regulatory designations supporting its investment mandate.