Equities analysts forecast that Alcentra Capital (NASDAQ:ABDC) will report $8.23 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alcentra Capital’s earnings, with the highest sales estimate coming in at $8.84 million and the lowest estimate coming in at $7.92 million. Alcentra Capital posted sales of $9.20 million during the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The company is scheduled to issue its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Alcentra Capital will report full-year sales of $31.15 million for the current year, with estimates ranging from $28.80 million to $32.35 million. For the next fiscal year, analysts anticipate that the company will report sales of $31.74 million per share, with estimates ranging from $28.10 million to $33.85 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Alcentra Capital.
Alcentra Capital (NASDAQ:ABDC) last issued its quarterly earnings results on Wednesday, March 14th. The asset manager reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8.20 million during the quarter, compared to the consensus estimate of $7.77 million. Alcentra Capital had a positive return on equity of 10.56% and a negative net margin of 57.28%.
A number of analysts have weighed in on the company. Keefe, Bruyette & Woods set a $7.00 target price on Alcentra Capital and gave the stock a “hold” rating in a research note on Thursday, March 15th. UBS upgraded Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. ValuEngine upgraded Alcentra Capital from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Finally, Raymond James upgraded Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Alcentra Capital presently has an average rating of “Hold” and an average target price of $12.00.
Shares of ABDC opened at $6.72 on Thursday. Alcentra Capital has a 52-week low of $5.93 and a 52-week high of $14.61. The firm has a market capitalization of $95.18, a P/E ratio of 5.17 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 4th. Shareholders of record on Friday, March 30th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $0.72 dividend on an annualized basis and a yield of 10.71%. Alcentra Capital’s payout ratio is 54.55%.
In other Alcentra Capital news, insider Branko Krmpotic bought 10,000 shares of Alcentra Capital stock in a transaction on Tuesday, March 20th. The shares were acquired at an average price of $6.15 per share, for a total transaction of $61,500.00. Following the completion of the purchase, the insider now directly owns 14,000 shares in the company, valued at approximately $86,100. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 14,750 shares of company stock worth $91,788. Insiders own 4.96% of the company’s stock.
Several institutional investors have recently made changes to their positions in ABDC. Stilwell Value LLC purchased a new position in shares of Alcentra Capital during the fourth quarter valued at $8,701,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of Alcentra Capital during the fourth quarter valued at $1,171,000. Bramshill Investments LLC purchased a new position in shares of Alcentra Capital during the fourth quarter valued at $512,000. Caxton Corp purchased a new position in shares of Alcentra Capital during the fourth quarter valued at $500,000. Finally, Wasatch Advisors Inc. increased its stake in shares of Alcentra Capital by 151.5% during the fourth quarter. Wasatch Advisors Inc. now owns 85,813 shares of the asset manager’s stock valued at $720,000 after buying an additional 51,689 shares during the period. Hedge funds and other institutional investors own 34.87% of the company’s stock.
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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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