Alcentra Capital (NASDAQ:ABDC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.
Alcentra Capital stock opened at $6.57 on Wednesday. The company has a market cap of $86.18 million, a P/E ratio of 6.25 and a beta of 0.59. Alcentra Capital has a 1-year low of $5.58 and a 1-year high of $9.01.
Alcentra Capital (NASDAQ:ABDC) last posted its earnings results on Monday, November 5th. The asset manager reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The business had revenue of $6.55 million for the quarter, compared to analyst estimates of $6.61 million. Alcentra Capital had a negative net margin of 29.76% and a positive return on equity of 9.22%. On average, analysts forecast that Alcentra Capital will post 0.96 earnings per share for the current fiscal year.
About Alcentra Capital
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Alcentra Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcentra Capital and related companies with MarketBeat.com's FREE daily email newsletter.