Shares of Alcentra Capital Corp. (NASDAQ:ABDC) have earned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.50.
Several research analysts recently weighed in on ABDC shares. Keefe, Bruyette & Woods set a $13.00 price objective on shares of Alcentra Capital Corp. and gave the stock a “hold” rating in a research report on Sunday, August 6th. DA Davidson started coverage on shares of Alcentra Capital Corp. in a research report on Wednesday, July 5th. They issued a “buy” rating and a $15.00 price objective for the company. TheStreet cut shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, Raymond James Financial, Inc. cut shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $16.00 to $14.00 in a research report on Monday, July 17th.
In other news, Director Steven H. Reiff acquired 11,668 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average price of $10.72 per share, for a total transaction of $125,080.96. Following the transaction, the director now directly owns 7,000 shares in the company, valued at $75,040. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.96% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. boosted its stake in Alcentra Capital Corp. by 98.3% in the first quarter. Muzinich & Co. Inc. now owns 452,913 shares of the asset manager’s stock worth $6,223,000 after buying an additional 224,537 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Alcentra Capital Corp. by 93.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 166,750 shares of the asset manager’s stock worth $2,291,000 after buying an additional 80,544 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in Alcentra Capital Corp. during the second quarter worth approximately $646,000. UBS Group AG boosted its stake in Alcentra Capital Corp. by 20.7% in the first quarter. UBS Group AG now owns 258,940 shares of the asset manager’s stock worth $3,558,000 after buying an additional 44,387 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Alcentra Capital Corp. during the first quarter worth approximately $491,000. Institutional investors and hedge funds own 28.44% of the company’s stock.
Alcentra Capital Corp. (NASDAQ ABDC) opened at 10.45 on Thursday. Alcentra Capital Corp. has a one year low of $10.20 and a one year high of $14.73. The company’s 50-day moving average price is $11.86 and its 200-day moving average price is $13.05.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 13.01%. The ex-dividend date of this dividend is Thursday, September 28th. Alcentra Capital Corp.’s payout ratio is -1,700.00%.
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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