Equities analysts expect Alcentra Capital Corp (NASDAQ:ABDC) to post earnings of $0.36 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Alcentra Capital Corp’s earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.38. Alcentra Capital Corp reported earnings of $0.41 per share during the same quarter last year, which suggests a negative year over year growth rate of 12.2%. The business is scheduled to report its next earnings results on Thursday, May 4th.
On average, analysts expect that Alcentra Capital Corp will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.57. For the next fiscal year, analysts forecast that the company will report earnings of $1.57 per share, with EPS estimates ranging from $1.35 to $1.70. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Alcentra Capital Corp.
Alcentra Capital Corp (NASDAQ:ABDC) last announced its earnings results on Thursday, March 9th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.10. Alcentra Capital Corp had a return on equity of 10.88% and a net margin of 4.74%. The business had revenue of $10.90 million for the quarter, compared to analyst estimates of $9.52 million.
Several research firms have recently commented on ABDC. TheStreet upgraded Alcentra Capital Corp from a “c” rating to a “b-” rating in a report on Monday, April 3rd. Keefe, Bruyette & Woods began coverage on Alcentra Capital Corp in a report on Tuesday, April 11th. They issued a “market perform” rating and a $14.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $13.67.
Shares of Alcentra Capital Corp (NASDAQ:ABDC) traded down 0.07% during midday trading on Monday, reaching $14.28. The company had a trading volume of 45,772 shares. The stock has a market capitalization of $192.72 million, a PE ratio of 21.94 and a beta of 0.79. The stock’s 50 day moving average is $13.62 and its 200-day moving average is $12.70. Alcentra Capital Corp has a 12-month low of $11.00 and a 12-month high of $14.73.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Investors of record on Friday, March 31st were issued a dividend of $0.34 per share. The ex-dividend date was Wednesday, March 29th. This represents a $1.36 dividend on an annualized basis and a yield of 9.52%. Alcentra Capital Corp’s dividend payout ratio is presently 1,046.23%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Muzinich & Co. Inc. increased its position in shares of Alcentra Capital Corp by 41.3% in the third quarter. Muzinich & Co. Inc. now owns 157,426 shares of the asset manager’s stock worth $2,045,000 after buying an additional 46,007 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Alcentra Capital Corp by 31.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 86,206 shares of the asset manager’s stock worth $1,032,000 after buying an additional 20,647 shares in the last quarter. Carnegie Capital Asset Management LLC acquired a new position in shares of Alcentra Capital Corp during the third quarter worth about $222,000. Ares Management LLC increased its position in shares of Alcentra Capital Corp by 303.3% in the third quarter. Ares Management LLC now owns 318,383 shares of the asset manager’s stock worth $4,136,000 after buying an additional 239,443 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Alcentra Capital Corp by 14.0% in the third quarter. Advisors Asset Management Inc. now owns 858,722 shares of the asset manager’s stock worth $11,155,000 after buying an additional 105,554 shares in the last quarter. Institutional investors own 42.09% of the company’s stock.
About Alcentra Capital Corp
Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million.
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