ValuEngine Upgrades Alcentra Capital (ABDC) to Hold

ValuEngine upgraded shares of Alcentra Capital (NASDAQ:ABDC) from a sell rating to a hold rating in a report issued on Wednesday morning.

Shares of Alcentra Capital stock traded down $0.03 on Wednesday, hitting $6.62. 3,058 shares of the company traded hands, compared to its average volume of 76,532. Alcentra Capital has a 52 week low of $5.58 and a 52 week high of $9.01. The company has a market capitalization of $86.18 million, a PE ratio of 5.07 and a beta of 0.59.

Alcentra Capital (NASDAQ:ABDC) last posted its quarterly earnings results on Monday, November 5th. The asset manager reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Alcentra Capital had a negative net margin of 29.76% and a positive return on equity of 9.22%. The firm had revenue of $6.55 million during the quarter, compared to the consensus estimate of $6.61 million. As a group, research analysts expect that Alcentra Capital will post 0.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Monday, December 31st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 10.88%. The ex-dividend date of this dividend is Friday, December 28th. Alcentra Capital’s dividend payout ratio is presently 54.55%.

Several institutional investors have recently bought and sold shares of ABDC. Belpointe Asset Management LLC bought a new stake in shares of Alcentra Capital during the second quarter valued at approximately $107,000. Bank of New York Mellon Corp raised its stake in shares of Alcentra Capital by 17.6% during the second quarter. Bank of New York Mellon Corp now owns 629,022 shares of the asset manager’s stock valued at $4,019,000 after acquiring an additional 94,111 shares in the last quarter. Finally, Salzhauer Michael raised its stake in shares of Alcentra Capital by 100.8% during the second quarter. Salzhauer Michael now owns 247,178 shares of the asset manager’s stock valued at $910,000 after acquiring an additional 124,057 shares in the last quarter. 32.65% of the stock is owned by hedge funds and other institutional investors.

Alcentra Capital Company Profile

Alcentra Capital Corporation is a business development company specializing in investments in lower middle-market companies. The fund seeks to invest in healthcare, business services, defense, government services, telecom and technology, media, infrastructure maintenance and logistics, and oil and gas services sector.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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