Alcentra Capital Corp. (ABDC) Scheduled to Post Quarterly Earnings on Monday
Alcentra Capital Corp. (NASDAQ:ABDC) will be issuing its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.33 per share for the quarter.
Several equities research analysts have weighed in on the company. ValuEngine upgraded Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet cut Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $13.00 target price on Alcentra Capital Corp. and gave the stock a “hold” rating in a research note on Sunday, August 6th. Finally, Raymond James Financial, Inc. cut Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $16.00 to $14.00 in a research note on Monday, July 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.50.
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In other news, Director Steven H. Reiff purchased 11,668 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $10.72 per share, for a total transaction of $125,080.96. Following the purchase, the director now owns 7,000 shares of the company’s stock, valued at $75,040. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.96% of the stock is currently owned by corporate insiders.
About Alcentra Capital Corp.
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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