ValuEngine upgraded shares of Alcentra Capital (NASDAQ:ABDC) from a sell rating to a hold rating in a research report report published on Wednesday morning.
Shares of Alcentra Capital stock traded down $0.07 during trading hours on Wednesday, hitting $6.50. The company had a trading volume of 46,129 shares, compared to its average volume of 79,452. Alcentra Capital has a twelve month low of $5.58 and a twelve month high of $9.01. The stock has a market cap of $89.89 million, a price-to-earnings ratio of 4.92 and a beta of 0.59.
Alcentra Capital (NASDAQ:ABDC) last issued its earnings results on Monday, November 5th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.55 million during the quarter, compared to analysts’ expectations of $6.61 million. Analysts expect that Alcentra Capital will post 0.96 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC purchased a new stake in Alcentra Capital in the 2nd quarter valued at $107,000. Salzhauer Michael raised its position in Alcentra Capital by 100.8% in the 2nd quarter. Salzhauer Michael now owns 247,178 shares of the asset manager’s stock valued at $910,000 after purchasing an additional 124,057 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Alcentra Capital by 17.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 629,022 shares of the asset manager’s stock valued at $4,019,000 after purchasing an additional 94,111 shares during the last quarter. Hedge funds and other 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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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