Raymond James Financial, Inc. cut shares of Alcentra Capital Corp. (NASDAQ:ABDC) from an outperform rating to an underperform rating in a report released on Wednesday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Alcentra Capital Corp. from a hold rating to a buy rating in a report on Monday, October 2nd. TheStreet downgraded Alcentra Capital Corp. from a b rating to a c+ rating in a report on Monday, July 24th. Keefe, Bruyette & Woods set a $13.00 price target on Alcentra Capital Corp. and gave the company a hold rating in a report on Sunday, August 6th. Rowe downgraded Alcentra Capital Corp. from an outperform rating to an underperform rating in a report on Wednesday. Finally, UBS AG downgraded Alcentra Capital Corp. from an outperform rating to an underperform rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Alcentra Capital Corp. presently has a consensus rating of Hold and an average price target of $12.83.

Alcentra Capital Corp. (ABDC) traded up $0.08 on Wednesday, reaching $7.35. The company’s stock had a trading volume of 146,400 shares, compared to its average volume of 147,298. The company has a market capitalization of $104.70, a P/E ratio of 4.93 and a beta of 0.68. Alcentra Capital Corp. has a twelve month low of $7.18 and a twelve month high of $14.73.

Alcentra Capital Corp. (NASDAQ:ABDC) last issued its quarterly earnings results on Monday, November 6th. The asset manager reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Alcentra Capital Corp. had a positive return on equity of 11.32% and a negative net margin of 2.25%. The firm had revenue of $7.61 million during the quarter. sell-side analysts anticipate that Alcentra Capital Corp. will post 1.32 EPS for the current fiscal year.

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Alcentra Capital Corp. announced that its board has approved a stock repurchase program on Monday, November 6th that allows the company to repurchase $2.50 million in shares. This repurchase authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 13.61%. Alcentra Capital Corp.’s payout ratio is presently -2,719.46%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. increased its holdings in Alcentra Capital Corp. by 82.9% in the 3rd quarter. Wasatch Advisors Inc. now owns 34,124 shares of the asset manager’s stock worth $365,000 after buying an additional 15,469 shares in the last quarter. Stephens Inc. AR bought a new stake in Alcentra Capital Corp. in the 3rd quarter worth about $253,000. Dynamic Technology Lab Private Ltd bought a new stake in Alcentra Capital Corp. in the 3rd quarter worth about $123,000. Spectrum Management Group Inc. bought a new stake in Alcentra Capital Corp. in the 3rd quarter worth about $107,000. Finally, Commerce Bank bought a new stake in Alcentra Capital Corp. in the 3rd quarter worth about $159,000. Institutional investors own 31.53% of the company’s stock.

About Alcentra Capital Corp.

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.

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