Alcentra Capital (ABDC) Tops Q1 EPS by 1c

Alcentra Capital (NASDAQ: ABDC) reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26.

• Total investment income of $8.2 million; $1.4 million was from non-recurring fees
• Net investment income of $3.8 million, or $0.27 per share
• Invested $29.6 million of capital into one new portfolio company, two add on investments, six broadly syndicated loans, and three rated CLO debt securities
• Received proceeds from repayments, loan dispositions, and amortizations on investments of $47.6 million
• Paid regular quarterly dividend for the first quarter of 2018 of $0.18 per share on April 4, 2018
• The Company's Board of Directors declared a dividend of $0.18 per share for the second quarter of 2018, which is payable on July 5, 2018 to stockholders of record as of June 29, 2018
• Net asset value of $157.2 million, or $11.22 per share
• On May 4, 2018, the Adviser agreed to a permanent 25 basis point reduction, effective as of May 1, 2018, across all of the base management fee breakpoints under the Company\'s investment advisory agreement. The Adviser has also agreed to an additional temporary 25 basis point reduction, from May 1, 2018 to April 30, 2019, across all of these base management fee breakpoints.
• As of May 4, 2018, $3.2 million of common stock had been repurchased by the Company through its $5.0 million share repurchase program.

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

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