Alcentra Capital Corp. (NASDAQ:ABDC) – Stock analysts at Zacks Investment Research cut their Q3 2017 earnings per share (EPS) estimates for shares of Alcentra Capital Corp. in a research report issued to clients and investors on Monday. Zacks Investment Research analyst L. Thompson now forecasts that the asset manager will post earnings of $0.34 per share for the quarter, down from their previous forecast of $0.37. Zacks Investment Research also issued estimates for Alcentra Capital Corp.’s Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.43 EPS and FY2018 earnings at $1.49 EPS.

Several other research firms also recently issued reports on ABDC. Raymond James Financial, Inc. downgraded Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $16.00 to $14.00 in a research note on Monday, July 17th. DA Davidson began coverage on Alcentra Capital Corp. in a research note on Wednesday, July 5th. They issued a “buy” rating and a $15.00 price target for the company. Keefe, Bruyette & Woods set a $14.00 price target on Alcentra Capital Corp. and gave the company a “hold” rating in a research note on Wednesday, May 31st. Finally, TheStreet downgraded Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.50.

TRADEMARK VIOLATION NOTICE: “Q3 2017 Earnings Forecast for Alcentra Capital Corp. (NASDAQ:ABDC) Issued By Zacks Investment Research” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/11/q3-2017-earnings-forecast-for-alcentra-capital-corp-nasdaqabdc-issued-by-zacks-investment-research.html.

Alcentra Capital Corp. (ABDC) opened at 10.24 on Wednesday. Alcentra Capital Corp. has a 52 week low of $10.21 and a 52 week high of $14.73. The company has a 50 day moving average price of $12.53 and a 200-day moving average price of $13.13.

Several hedge funds have recently added to or reduced their stakes in ABDC. Oppenheimer & Co. Inc. increased its stake in Alcentra Capital Corp. by 4.4% in the second quarter. Oppenheimer & Co. Inc. now owns 13,098 shares of the asset manager’s stock worth $178,000 after buying an additional 550 shares during the last quarter. Salzhauer Michael increased its stake in Alcentra Capital Corp. by 62.6% in the second quarter. Salzhauer Michael now owns 47,292 shares of the asset manager’s stock worth $643,000 after buying an additional 18,200 shares during the last quarter. Bank of Montreal Can bought a new stake in Alcentra Capital Corp. during the second quarter worth $163,000. Confluence Investment Management LLC increased its stake in Alcentra Capital Corp. by 2.7% in the second quarter. Confluence Investment Management LLC now owns 209,528 shares of the asset manager’s stock worth $2,847,000 after buying an additional 5,566 shares during the last quarter. Finally, UBS Group AG increased its stake in Alcentra Capital Corp. by 20.7% in the first quarter. UBS Group AG now owns 258,940 shares of the asset manager’s stock worth $3,558,000 after buying an additional 44,387 shares during the last quarter. Hedge funds and other institutional investors own 43.52% of the company’s stock.

In other news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.13, for a total transaction of $22,213,846.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven H. Reiff bought 11,668 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were bought at an average price of $10.72 per share, with a total value of $125,080.96. Following the completion of the transaction, the director now owns 7,000 shares in the company, valued at approximately $75,040. The disclosure for this purchase can be found here. Corporate insiders own 4.96% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 13.28%. Alcentra Capital Corp.’s payout ratio is -1,700.00%.

Alcentra Capital Corp. Company Profile

Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. It provides customized debt and equity financing solutions to lower middle-market companies, which are companies having annual earnings, before interest, taxes, depreciation and amortization of between $5 million and $15 million, and/or revenues of between $10 million and $100 million.

Earnings History and Estimates for Alcentra Capital Corp. (NASDAQ:ABDC)

Receive News & Stock Ratings for Alcentra Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcentra Capital Corp. and related stocks with our FREE daily email newsletter.