Wall Street analysts expect Alcentra Capital Corp. (NASDAQ:ABDC) to announce $9.38 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Alcentra Capital Corp.’s earnings, with estimates ranging from $9.16 million to $9.67 million. Alcentra Capital Corp. reported sales of $10.64 million during the same quarter last year, which would suggest a negative year over year growth rate of 11.8%. The firm is expected to report its next quarterly earnings report on Thursday, August 3rd.
According to Zacks, analysts expect that Alcentra Capital Corp. will report full year sales of $9.38 million for the current financial year, with estimates ranging from $36.87 million to $38.66 million. For the next financial year, analysts anticipate that the firm will post sales of $42.00 million per share, with estimates ranging from $39.50 million to $43.82 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Alcentra Capital Corp..
A number of equities analysts have weighed in on the stock. DA Davidson assumed coverage on shares of Alcentra Capital Corp. in a research report on Wednesday, July 5th. They issued a “buy” rating and a $15.00 price objective for the company. Raymond James Financial, Inc. cut shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $16.00 to $14.00 in a research report on Monday, July 17th. TheStreet raised shares of Alcentra Capital Corp. from a “c” rating to a “b-” rating in a research report on Monday, April 3rd. Finally, Keefe, Bruyette & Woods set a $14.00 price objective on shares of Alcentra Capital Corp. and gave the company a “hold” rating in a research report on Wednesday, May 31st. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Alcentra Capital Corp. has an average rating of “Hold” and a consensus price target of $13.75.
In other news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $13.13, for a total transaction of $22,213,846.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.96% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Salzhauer Michael boosted its position in shares of Alcentra Capital Corp. by 62.6% in the second quarter. Salzhauer Michael now owns 47,292 shares of the asset manager’s stock valued at $643,000 after buying an additional 18,200 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Alcentra Capital Corp. during the second quarter valued at approximately $163,000. Confluence Investment Management LLC boosted its position in shares of Alcentra Capital Corp. by 2.7% in the second quarter. Confluence Investment Management LLC now owns 209,528 shares of the asset manager’s stock valued at $2,847,000 after buying an additional 5,566 shares during the last quarter. UBS Group AG boosted its position in shares of Alcentra Capital Corp. by 20.7% in the first quarter. UBS Group AG now owns 258,940 shares of the asset manager’s stock valued at $3,558,000 after buying an additional 44,387 shares during the last quarter. Finally, Ares Management LLC boosted its position in shares of Alcentra Capital Corp. by 3.5% in the first quarter. Ares Management LLC now owns 434,049 shares of the asset manager’s stock valued at $5,964,000 after buying an additional 14,525 shares during the last quarter. 43.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alcentra Capital Corp. (ABDC) opened at 12.49 on Friday. The firm’s 50-day moving average price is $13.28 and its 200-day moving average price is $13.24. Alcentra Capital Corp. has a one year low of $11.17 and a one year high of $14.73.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Friday, June 30th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.36 annualized dividend and a dividend yield of 10.89%. Alcentra Capital Corp.’s payout ratio is 340.00%.
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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