ValuEngine Upgrades ALCENTRA Cap Co/SH (ABDC) to Sell

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ALCENTRA Cap Co/SH (NASDAQ:ABDC) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Tuesday.

Shares of NASDAQ ABDC opened at $6.12 on Tuesday. The stock has a market cap of $83.75 million, a PE ratio of 4.64 and a beta of 0.59. ALCENTRA Cap Co/SH has a 12 month low of $5.75 and a 12 month high of $11.24.

ALCENTRA Cap Co/SH (NASDAQ:ABDC) last issued its quarterly earnings results on Monday, August 6th. The asset manager reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $7.25 million during the quarter, compared to the consensus estimate of $6.82 million. ALCENTRA Cap Co/SH had a negative net margin of 43.78% and a positive return on equity of 10.10%. research analysts predict that ALCENTRA Cap Co/SH will post 0.94 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ABDC. Belpointe Asset Management LLC purchased a new stake in shares of ALCENTRA Cap Co/SH during the second quarter worth about $107,000. Salzhauer Michael grew its holdings in shares of ALCENTRA Cap Co/SH by 100.8% during the second quarter. Salzhauer Michael now owns 247,178 shares of the asset manager’s stock worth $910,000 after buying an additional 124,057 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in shares of ALCENTRA Cap Co/SH by 221.8% during the first quarter. Pacific Ridge Capital Partners LLC now owns 449,260 shares of the asset manager’s stock worth $3,127,000 after buying an additional 309,660 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of ALCENTRA Cap Co/SH by 17.6% during the second quarter. Bank of New York Mellon Corp now owns 629,022 shares of the asset manager’s stock worth $4,019,000 after buying an additional 94,111 shares in the last quarter. Finally, Stilwell Value LLC grew its holdings in shares of ALCENTRA Cap Co/SH by 20.7% during the first quarter. Stilwell Value LLC now owns 1,251,324 shares of the asset manager’s stock worth $8,709,000 after buying an additional 214,277 shares in the last quarter. Institutional investors and hedge funds own 33.57% of the company’s stock.

About ALCENTRA Cap Co/SH

Alcentra Capital Corp. is a non-diversified closed-end management investment company, which engages in the provision of debt and equity financing solutions to lower middle and middle-market companies. It targets industries operating in the field of healthcare and pharmaceutical services; defense, aerospace, homeland security and government services; and business and outsourced services.

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