Pacific Ridge Capital Partners LLC reduced its stake in shares of Alcentra Capital Corp (NASDAQ:ABDC) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 434,530 shares of the asset manager’s stock after selling 49,825 shares during the quarter. Pacific Ridge Capital Partners LLC owned 3.21% of Alcentra Capital worth $2,598,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in shares of Alcentra Capital by 20.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 757,395 shares of the asset manager’s stock valued at $4,530,000 after buying an additional 128,373 shares during the period. Salzhauer Michael raised its holdings in shares of Alcentra Capital by 100.8% during the 2nd quarter. Salzhauer Michael now owns 247,178 shares of the asset manager’s stock valued at $910,000 after buying an additional 124,057 shares during the period. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Alcentra Capital during the 2nd quarter valued at about $107,000. Institutional investors and hedge funds own 28.95% of the company’s stock.
Shares of NASDAQ:ABDC opened at $6.44 on Friday. The stock has a market cap of $86.64 million, a P/E ratio of 6.28 and a beta of 0.63. Alcentra Capital Corp has a one year low of $5.58 and a one year high of $9.01.
Alcentra Capital (NASDAQ:ABDC) last posted its quarterly earnings data on Monday, November 5th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. Alcentra Capital had a positive return on equity of 9.29% and a negative net margin of 29.76%. The company had revenue of $6.55 million for the quarter, compared to the consensus estimate of $6.61 million. As a group, research analysts predict that Alcentra Capital Corp will post 0.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Monday, December 31st will be issued a dividend of $0.18 per share. The ex-dividend date is Friday, December 28th. This represents a $0.72 annualized dividend and a yield of 11.18%. Alcentra Capital’s dividend payout ratio is presently 54.55%.
Separately, ValuEngine upgraded Alcentra Capital from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd.
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Alcentra Capital Company Profile
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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