Salzhauer Michael reduced its stake in shares of Alcentra Capital Corp (NASDAQ:ABDC) by 50.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 123,121 shares of the asset manager’s stock after selling 124,057 shares during the quarter. Salzhauer Michael owned 0.91% of Alcentra Capital worth $736,000 as of its most recent SEC filing.
Separately, Belpointe Asset Management LLC acquired a new stake in shares of Alcentra Capital during the 2nd quarter worth $107,000. Institutional investors own 33.59% of the company’s stock.
Separately, ValuEngine lowered Alcentra Capital from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $7.00.
ABDC opened at $5.82 on Friday. The firm has a market cap of $76.44 million, a PE ratio of 4.41 and a beta of 0.59. Alcentra Capital Corp has a 52-week low of $5.58 and a 52-week high of $9.01.
Alcentra Capital (NASDAQ:ABDC) last released its earnings results on Monday, August 6th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $7.25 million for the quarter, compared to analyst estimates of $6.82 million. Alcentra Capital had a positive return on equity of 10.10% and a negative net margin of 43.78%. Research analysts anticipate that Alcentra Capital Corp will post 0.94 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, October 4th. Stockholders of record on Friday, September 28th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend was Thursday, September 27th. Alcentra Capital’s dividend payout ratio (DPR) is currently 54.55%.
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.
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