Media stories about Alcentra Capital Corp. (NASDAQ:ABDC) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alcentra Capital Corp. earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.3945823106184 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Alcentra Capital’s (ABDC) CEO Paul Echausse on Q2 2017 Results - Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of ABDC earnings conference call or presentation 4-Aug-17 2:00pm GMT (finance.yahoo.com)
- Alcentra Capital Corp. to Issue Quarterly Dividend of $0.34 (ABDC) (americanbankingnews.com)
- Alcentra Capital Corp. (NASDAQ:ABDC) Announces Quarterly Earnings Results (americanbankingnews.com)
- Alcentra Capital reports 2Q loss (finance.yahoo.com)
ABDC has been the topic of a number of research reports. DA Davidson initiated coverage on shares of Alcentra Capital Corp. in a report on Wednesday, July 5th. They issued a “buy” rating and a $15.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $14.00 price objective on shares of Alcentra Capital Corp. in a report on Tuesday, July 25th. TheStreet downgraded shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. downgraded shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $16.00 to $14.00 in a report on Monday, July 17th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Alcentra Capital Corp. has a consensus rating of “Hold” and a consensus target price of $13.75.
Shares of Alcentra Capital Corp. (NASDAQ:ABDC) opened at 11.37 on Monday. Alcentra Capital Corp. has a 12-month low of $11.17 and a 12-month high of $14.73. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $13.22.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Saturday, September 30th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date is Thursday, September 28th. Alcentra Capital Corp.’s dividend payout ratio is currently -1,700.00%.
In related news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.13, for a total value of $22,213,846.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.96% of the stock is owned by company insiders.
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About Alcentra Capital Corp.
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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