Alcentra Capital (NASDAQ:ABDC) announced its quarterly earnings results on Monday. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01, Fidelity Earnings reports. Alcentra Capital had a negative net margin of 43.78% and a positive return on equity of 10.10%. The firm had revenue of $6.55 million for the quarter, compared to the consensus estimate of $6.61 million.
Shares of ABDC stock traded up $0.29 during trading on Tuesday, hitting $6.14. The company had a trading volume of 1,700 shares, compared to its average volume of 65,502. The stock has a market cap of $78.74 million, a price-to-earnings ratio of 4.68 and a beta of 0.59. Alcentra Capital has a 52 week low of $5.58 and a 52 week high of $9.01.
Separately, ValuEngine raised shares of Alcentra Capital from a “sell” rating to a “hold” rating in a report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $7.00.
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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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