Alcentra Capital (ABDC) Tops Q4 EPS by 3c, Beats on Revenues

Alcentra Capital (NASDAQ: ABDC) reported Q4 EPS of $0.28, $0.03 better than the analyst estimate of $0.25. Revenue for the quarter came in at $8.2 million versus the consensus estimate of $7.96 million.

Fourth Quarter 2017 Financial Summary

• Total investment income of $8.2 million
• Net investment income of $4.0 million, or $0.28 per share based on weighted average shares of common stock outstanding
• Net decrease in net assets resulting from operations of ($13.4) million
• Invested $36.8 million in debt securities; one new investment, one refinancing and one add on investment
• Received proceeds from repayments of $15.7 million
• Paid quarterly dividend for the Q4 2017 of $0.25 per share on January 4, 2018
• On November 16, 2017, the Board of Directors expanded the open market stock repurchase program by $2.5 million to $5.0 million. Net asset value of $157.7 million, or $11.09 per share, which is down from $12.27 in the third quarter of 2017
• Weighted Average Debt Portfolio Yield – 11.3%

For earnings history and earnings-related data on Alcentra Capital (ABDC) click here.

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