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.
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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