Hilliard Lyons Cuts Allied Capital (ALD) to Neutral Following Q2 Results
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Hilliard Lyons downgrades Allied Capital (NYSE: ALD) from Long-Term Buy to Neutral following the company's quarterly results on Monday (Aug. 10) morning.
Allied reported a Q2 loss of $0.15, versus the analyst estimate of $0.12 and compared to a loss of $0.59 in the same quarter last year. Revenue for the quarter was $84.63 million, versus the consensus of $84.77 million.
Allied Capital Corporation is a private equity firm specializing in investments in small and middle market companies.
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