Shares of Alcentra Capital Corp. (NASDAQ:ABDC) have earned an average rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.
A number of brokerages have recently issued reports on ABDC. Keefe, Bruyette & Woods set a $13.00 price target on Alcentra Capital Corp. and gave the company a “hold” rating in a report on Sunday. TheStreet downgraded Alcentra Capital Corp. from a “b” rating to a “c+” rating in a report on Monday, July 24th. Raymond James Financial, Inc. downgraded Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $16.00 to $14.00 in a report on Monday, July 17th. Finally, DA Davidson assumed coverage on Alcentra Capital Corp. in a report on Wednesday, July 5th. They issued a “buy” rating and a $15.00 target price on the stock.
In other news, Director Steven H. Reiff bought 11,668 shares of the stock in a transaction on Monday, August 7th. The shares were bought at an average price of $10.72 per share, with a total value of $125,080.96. Following the completion of the acquisition, the director now owns 7,000 shares in the company, valued at $75,040. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $13.13, for a total value of $22,213,846.07. The disclosure for this sale can be found here. 4.96% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Alcentra Capital Corp. during the second quarter worth approximately $163,000. Creative Planning boosted its stake in shares of Alcentra Capital Corp. by 2.9% in the first quarter. Creative Planning now owns 20,570 shares of the asset manager’s stock worth $283,000 after buying an additional 570 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Alcentra Capital Corp. by 4.9% in the first quarter. Wells Fargo & Company MN now owns 28,835 shares of the asset manager’s stock worth $396,000 after buying an additional 1,354 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Alcentra Capital Corp. during the first quarter worth approximately $491,000. Finally, Salzhauer Michael boosted its stake in shares of Alcentra Capital Corp. by 62.6% in the second quarter. Salzhauer Michael now owns 47,292 shares of the asset manager’s stock worth $643,000 after buying an additional 18,200 shares during the last quarter. Institutional investors and hedge funds own 43.52% of the company’s stock.
Shares of Alcentra Capital Corp. (NASDAQ ABDC) opened at 10.48 on Friday. The stock’s 50 day moving average price is $12.85 and its 200 day moving average price is $13.19. Alcentra Capital Corp. has a 12 month low of $10.39 and a 12 month high of $14.73.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders 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 yield of 12.98%. The ex-dividend date of this dividend is Thursday, September 28th. Alcentra Capital Corp.’s dividend payout ratio is -1,700.00%.
Alcentra Capital Corp. Company Profile
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.
Receive News & Ratings for Alcentra Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcentra Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.
