Brokerages Expect Alcentra Capital (ABDC) to Announce $0.30 Earnings Per Share

Equities analysts predict that Alcentra Capital (NASDAQ:ABDC) will post earnings of $0.30 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Alcentra Capital’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.33. Alcentra Capital reported earnings of $0.34 per share during the same quarter last year, which indicates a negative year over year growth rate of 11.8%. The firm is scheduled to issue its next earnings report on Thursday, May 3rd.

According to Zacks, analysts expect that Alcentra Capital will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.82 to $1.10. For the next year, analysts anticipate that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.72 to $1.15. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Alcentra Capital.

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Alcentra Capital (NASDAQ:ABDC) last issued its quarterly earnings results on Wednesday, March 14th. The asset manager reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The company had revenue of $8.20 million for the quarter, compared to the consensus estimate of $7.77 million. Alcentra Capital had a positive return on equity of 10.56% and a negative net margin of 57.28%.

Several brokerages have commented on ABDC. ValuEngine downgraded Alcentra Capital from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods set a $7.00 price target on Alcentra Capital and gave the stock a “hold” rating in a research report on Thursday, March 15th. Raymond James Financial raised Alcentra Capital from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 11th. Finally, UBS raised Alcentra Capital from an “underperform” rating to a “market perform” rating in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $12.00.

NASDAQ ABDC traded up $0.14 during trading on Tuesday, hitting $6.84. The company’s stock had a trading volume of 14,057 shares, compared to its average volume of 89,324. The company has a market cap of $95.61, a P/E ratio of 5.18 and a beta of 0.57. Alcentra Capital has a 52 week low of $5.93 and a 52 week high of $14.61.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 4th. Stockholders of record on Friday, March 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date was Wednesday, March 28th. Alcentra Capital’s dividend payout ratio is presently 54.55%.

In other news, insider Branko Krmpotic acquired 10,000 shares of the stock in a transaction dated Tuesday, March 20th. The shares were acquired at an average cost of $6.15 per share, for a total transaction of $61,500.00. Following the completion of the transaction, the insider now owns 14,000 shares in the company, valued at approximately $86,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders have bought 14,750 shares of company stock worth $91,788. 4.96% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bramshill Investments LLC bought a new stake in shares of Alcentra Capital during the fourth quarter valued at approximately $512,000. Caxton Corp acquired a new stake in Alcentra Capital in the 4th quarter valued at $500,000. Portland Investment Counsel Inc. acquired a new stake in Alcentra Capital in the 4th quarter valued at $168,000. Pacific Ridge Capital Partners LLC acquired a new stake in Alcentra Capital in the 4th quarter valued at $1,171,000. Finally, BlackRock Inc. boosted its stake in Alcentra Capital by 18.0% in the 4th quarter. BlackRock Inc. now owns 89,703 shares of the asset manager’s stock valued at $753,000 after buying an additional 13,669 shares in the last quarter. Institutional investors and hedge funds own 34.87% of the company’s stock.

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Alcentra Capital Company Profile

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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