Alcentra Capital Corp (NASDAQ:ABDC) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $12.25.
ABDC has been the subject of a number of research reports. Raymond James Financial raised shares of Alcentra Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th. ValuEngine raised shares of Alcentra Capital from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, UBS Group raised shares of Alcentra Capital from an “underperform” rating to a “market perform” rating in a report on Thursday, January 11th.
Shares of Alcentra Capital (NASDAQ ABDC) opened at $7.72 on Tuesday. Alcentra Capital has a 1-year low of $7.00 and a 1-year high of $14.73. The firm has a market cap of $109.97, a price-to-earnings ratio of 16.08 and a beta of 0.55.
A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Alcentra Capital by 1,948.4% in the 2nd quarter. Royal Bank of Canada now owns 8,808 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 8,378 shares during the period. Spectrum Management Group Inc. bought a new stake in Alcentra Capital in the 3rd quarter valued at $107,000. Dynamic Technology Lab Private Ltd bought a new stake in Alcentra Capital in the 3rd quarter valued at $123,000. BlackRock Inc. lifted its holdings in shares of Alcentra Capital by 18.0% during the 4th quarter. BlackRock Inc. now owns 89,703 shares of the asset manager’s stock worth $753,000 after acquiring an additional 13,669 shares during the period. Finally, Commerce Bank bought a new position in shares of Alcentra Capital during the 3rd quarter worth about $159,000. 34.09% of the stock is owned by hedge funds and other institutional investors.
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About Alcentra Capital
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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