Alcentra Capital (ABDC) Receiving Positive Press Coverage, Analysis Finds

News coverage about Alcentra Capital (NASDAQ:ABDC) has been trending positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alcentra Capital earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.9443416298418 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Alcentra Capital (NASDAQ ABDC) traded up $0.05 during mid-day trading on Friday, reaching $7.72. The company had a trading volume of 24,404 shares, compared to its average volume of 49,443. The firm has a market capitalization of $109.97, a P/E ratio of -154.37 and a beta of 0.55. Alcentra Capital has a fifty-two week low of $7.00 and a fifty-two week high of $14.73.

Alcentra Capital declared that its Board of Directors has approved a stock buyback program on Thursday, November 16th that allows the company to buyback $2.50 million in shares. This buyback authorization allows the asset manager to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

A number of research firms recently commented on ABDC. ValuEngine raised Alcentra Capital from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 1st. Raymond James Financial raised Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. Finally, UBS Group raised Alcentra Capital from an “underperform” rating to a “market perform” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Alcentra Capital presently has a consensus rating of “Hold” and a consensus price target of $12.83.

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About Alcentra Capital

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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