November 8, 2019 at 10:28 pm

Alcentra Capital (NASDAQ:ABDC) Lifted to Hold at ValuEngine

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Alcentra Capital (NASDAQ:ABDC) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

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Separately, Zacks Investment Research lowered shares of Alcentra Capital from a “hold” rating to a “sell” rating in a research note on Friday.

Shares of ABDC stock traded up $0.05 during trading hours on Friday, reaching $8.94. The company had a trading volume of 23,300 shares, compared to its average volume of 41,534. The business has a fifty day moving average price of $8.88 and a 200-day moving average price of $8.59. Alcentra Capital has a one year low of $6.15 and a one year high of $9.40. The firm has a market cap of $113.43 million, a PE ratio of 8.85 and a beta of 0.55.

Alcentra Capital (NASDAQ:ABDC) last announced its quarterly earnings results on Wednesday, August 7th. The asset manager reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Alcentra Capital had a net margin of 27.84% and a return on equity of 7.48%. The firm had revenue of $6.14 million during the quarter, compared to analyst estimates of $6.11 million. As a group, research analysts anticipate that Alcentra Capital will post 0.8 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of ABDC. Morgan Stanley boosted its holdings in shares of Alcentra Capital by 120.8% in the second quarter. Morgan Stanley now owns 438,715 shares of the asset manager’s stock worth $3,676,000 after buying an additional 240,027 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Alcentra Capital by 2.4% in the second quarter. Pacific Ridge Capital Partners LLC now owns 456,870 shares of the asset manager’s stock worth $3,829,000 after buying an additional 10,918 shares during the last quarter. Appleton Partners Inc. MA purchased a new position in shares of Alcentra Capital in the second quarter worth approximately $89,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Alcentra Capital by 40.8% in the second quarter. Acadian Asset Management LLC now owns 17,196 shares of the asset manager’s stock worth $145,000 after buying an additional 4,985 shares during the last quarter. 38.17% of the stock is currently owned by institutional investors.

About Alcentra Capital

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.

Further Reading: Momentum Investing

To view ValuEngine’s full report, visit ValuEngine’s official website.

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