Alcentra Capital Corp. (NASDAQ:ABDC) reached a new 52-week low on Tuesday . The company traded as low as $9.25 and last traded at $9.25, with a volume of 49,882 shares changing hands. The stock had previously closed at $9.53.
A number of equities research analysts have recently weighed in on ABDC shares. Keefe, Bruyette & Woods restated a “hold” rating and issued a $14.00 price target on shares of Alcentra Capital Corp. in a research note on Tuesday, July 25th. ValuEngine upgraded shares of Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. TheStreet lowered shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a report on Monday, July 24th. Raymond James Financial, Inc. lowered shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $16.00 to $14.00 in a report on Monday, July 17th. Finally, DA Davidson assumed 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 for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.
The stock’s 50-day moving average price is $10.53 and its 200 day moving average price is $12.16.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Saturday, September 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 14.67%. The ex-dividend date of this dividend was Thursday, September 28th. Alcentra Capital Corp.’s dividend payout ratio is currently -1,700.00%.
In other news, Director Steven H. Reiff bought 11,668 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $10.72 per share, with a total value of $125,080.96. Following the completion of the purchase, the director now directly owns 7,000 shares in the company, valued at $75,040. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.96% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Wealthsource Partners LLC bought a new stake in Alcentra Capital Corp. in the second quarter valued at approximately $176,000. Raymond James Financial Services Advisors Inc. lifted its position in Alcentra Capital Corp. by 45.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 242,865 shares of the asset manager’s stock valued at $3,300,000 after purchasing an additional 76,115 shares during the last quarter. Royal Bank of Canada lifted its position in Alcentra Capital Corp. by 1,948.4% in the second quarter. Royal Bank of Canada now owns 8,808 shares of the asset manager’s stock valued at $120,000 after purchasing an additional 8,378 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in Alcentra Capital Corp. in the second quarter valued at approximately $219,000. Finally, Salem Investment Counselors Inc. bought a new stake in Alcentra Capital Corp. in the second quarter valued at approximately $646,000. Hedge funds and other institutional investors own 31.81% of the company’s stock.
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.
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