Janney Capital Initiates Coverage on Alcentra Capital Corp to Neutral

Janney Capital Initiates Coverage on Alcentra Capital Corp(NASDAQ:ABDC). The shares have been rated Neutral. The rating by Janney Capital was issued on Jun 22, 2016.

Alcentra Capital Corp (ABDC) remained unchanged at the close of Monday session. Even as the volume increased to 80,773 ,the shares failed to make any impression and ended at 0 points or 0.00% at $12.16. The trading session commenced at $12.16 and the stock hit a high of $12.3199 and touched $12.1 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $13.48 and the 52-week low is $8.87. The company has a market cap of $164 M and has approximately 1,35,06,257 outstanding shares.

Alcentra Capital Corp(ABDC) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $9.94M. Analysts had an estimated revenue of $9.10M. Earnings per share were $0.41. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Paul J Echausse (CEO) purchased 1,200 shares at $11.89 per share price.Also, On Mar 28, 2016, David Scopelliti (Senior Vice President) purchased 500 shares at $11.27 per share price.On Mar 28, 2016, Ellida Mcmillan (Chief Accounting Officer) purchased 790 shares at $11.29 per share price, according to the Form-4 filing with the securities and exchange commission.

Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified closed-end management investment company. The Company’s targeted industry sectors are healthcare and pharmaceutical services; defense aerospace homeland security and government services; business and outsourced services and energy services. Its investment objective is to generate both current income and capital appreciation through debt and equity investments by targeting investment opportunities with favorable risk-adjusted returns. It invests in middle-market companies in the form of mezzanine and senior secured loans which includes an equity component and makes direct equity investments in such companies. 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 between $5 million and $15 million and revenues of between $10 million and $100 million.

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