Alcentra Capital (ABDC) Upgraded at ValuEngine
ValuEngine upgraded shares of Alcentra Capital (NASDAQ:ABDC) from a sell rating to a hold rating in a report released on Wednesday morning.
NASDAQ ABDC traded down $0.07 on Wednesday, hitting $6.50. 46,129 shares of the stock were exchanged, compared to its average volume of 79,452. Alcentra Capital has a fifty-two week low of $5.58 and a fifty-two week high of $9.01. The stock has a market capitalization of $89.89 million, a PE ratio of 4.92 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 EPS for the quarter, topping the 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 9.29%. The company had revenue of $6.55 million during the quarter, compared to analysts’ expectations of $6.61 million. Sell-side analysts predict that Alcentra Capital will post 0.96 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC acquired a new position in Alcentra Capital during the 2nd quarter worth approximately $107,000. Salzhauer Michael grew its holdings in Alcentra Capital by 100.8% during the 2nd quarter. Salzhauer Michael now owns 247,178 shares of the asset manager’s stock worth $910,000 after acquiring an additional 124,057 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Alcentra Capital by 17.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 629,022 shares of the asset manager’s stock worth $4,019,000 after acquiring an additional 94,111 shares in the last quarter. Institutional investors own 32.65% of the company’s stock.
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.
See Also: Outstanding Shares
To view ValuEngine’s full report, visit ValuEngine’s official website.
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