Brokerages Expect Alcentra Capital Corp. (NASDAQ:ABDC) to Post $0.35 EPS
Shares of Alcentra Capital Corp. (NASDAQ:ABDC) have earned a consensus broker rating score of 1.60 (Buy) from the five analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company.
Brokers have set a 1-year consensus price objective of $14.43 for the company and are forecasting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given Alcentra Capital Corp. an industry rank of 223 out of 265 based on the ratings given to its competitors.
Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, September 1st. Janney Montgomery Scott started coverage on shares of Alcentra Capital Corp. in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $15.00 target price for the company.
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In related news, insider David Scopelliti bought 2,000 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of $12.88 per share, with a total value of $25,760.00. Following the transaction, the insider now owns 4,600 shares in the company, valued at approximately $59,248. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.47% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. increased its stake in shares of Alcentra Capital Corp. by 13.9% in the second quarter. Advisors Asset Management Inc. now owns 753,168 shares of the company’s stock worth $9,151,000 after buying an additional 92,064 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Alcentra Capital Corp. by 0.8% in the second quarter. Confluence Investment Management LLC now owns 189,994 shares of the company’s stock worth $2,308,000 after buying an additional 1,456 shares during the last quarter. UBS Group AG increased its stake in shares of Alcentra Capital Corp. by 3.9% in the first quarter. UBS Group AG now owns 187,480 shares of the company’s stock worth $2,180,000 after buying an additional 6,975 shares during the last quarter. Raymond James & Associates increased its stake in shares of Alcentra Capital Corp. by 18.9% in the second quarter. Raymond James & Associates now owns 166,760 shares of the company’s stock worth $2,026,000 after buying an additional 26,517 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Alcentra Capital Corp. by 7.3% in the second quarter. Baird Financial Group Inc. now owns 74,461 shares of the company’s stock worth $905,000 after buying an additional 5,035 shares during the last quarter. 44.23% of the stock is owned by institutional investors and hedge funds.
Shares of Alcentra Capital Corp. (NASDAQ:ABDC) traded down 0.46% during midday trading on Wednesday, hitting $13.01. The company had a trading volume of 24,368 shares. The stock has a 50 day moving average price of $12.54 and a 200 day moving average price of $11.98. Alcentra Capital Corp. has a 1-year low of $8.87 and a 1-year high of $13.28.
Alcentra Capital Corp. (NASDAQ:ABDC) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. Alcentra Capital Corp. had a net margin of 18.31% and a return on equity of 10.83%. Equities research analysts expect that Alcentra Capital Corp. will post $1.56 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 30th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 10.41%. The ex-dividend date is Wednesday, September 28th. Alcentra Capital Corp.’s dividend payout ratio (DPR) is presently 266.67%.
Alcentra Capital Corp. Company Profile
Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million.
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