Alcentra Capital (ABDC) Stock Rating Upgraded by ValuEngine

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.

Institutional investors have recently bought and sold shares of the stock. Salzhauer Michael increased 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 during the period. Bank of New York Mellon Corp grew its stake 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 worth $4,019,000 after buying an additional 94,111 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in Alcentra Capital in the 2nd quarter worth approximately $107,000. 32.65% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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