Alcentra Capital (NASDAQ:ABDC) posted its earnings results on Monday. The asset manager reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22, Morningstar.com reports. Alcentra Capital had a return on equity of 9.24% and a net margin of 19.06%.
ABDC opened at $8.32 on Tuesday. The company has a market cap of $106.22 million, a price-to-earnings ratio of 8.24 and a beta of 0.63. Alcentra Capital has a 52 week low of $5.58 and a 52 week high of $8.58.
Institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV purchased a new stake in Alcentra Capital during the 1st quarter valued at approximately $85,000. Virtu Financial LLC purchased a new stake in Alcentra Capital during the 4th quarter valued at approximately $90,000. Millennium Management LLC purchased a new stake in Alcentra Capital during the 4th quarter valued at approximately $107,000. Raymond James Financial Services Advisors Inc. raised its stake in Alcentra Capital by 14.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 19,814 shares of the asset manager’s stock valued at $149,000 after acquiring an additional 2,532 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Alcentra Capital during the 4th quarter valued at approximately $165,000. 30.07% of the stock is owned by hedge funds and other institutional investors.
Separately, ValuEngine raised Alcentra Capital from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
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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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