First Eagle Alternative Capital BDC (NASDAQ:FCRD) Trading Down 0.2%

First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) shares fell 0.2% during mid-day trading on Wednesday . The company traded as low as $4.70 and last traded at $4.76. 57,861 shares were traded during mid-day trading, a decline of 6% from the average session volume of 61,617 shares. The stock had previously closed at $4.77.

Separately, TheStreet raised First Eagle Alternative Capital BDC from a “d+” rating to a “c” rating in a research report on Friday, May 28th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $3.25.

The firm has a market capitalization of $141.81 million, a P/E ratio of 3.89 and a beta of 1.70. The firm has a 50 day simple moving average of $4.40. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.35.

First Eagle Alternative Capital BDC (NASDAQ:FCRD) last released its quarterly earnings results on Wednesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.11. First Eagle Alternative Capital BDC had a return on equity of 6.03% and a net margin of 134.15%. The company had revenue of $7.19 million during the quarter, compared to analysts’ expectations of $7.40 million. As a group, sell-side analysts forecast that First Eagle Alternative Capital BDC, Inc. will post 0.42 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be paid a $0.10 dividend. The ex-dividend date is Monday, June 14th. This represents a $0.40 annualized dividend and a dividend yield of 8.49%. First Eagle Alternative Capital BDC’s payout ratio is 114.29%.

Several large investors have recently added to or reduced their stakes in FCRD. Ancora Advisors LLC bought a new position in shares of First Eagle Alternative Capital BDC in the fourth quarter worth $44,000. Bessemer Group Inc. bought a new position in shares of First Eagle Alternative Capital BDC in the fourth quarter worth $48,000. Arnhold LLC boosted its stake in First Eagle Alternative Capital BDC by 68.2% during the fourth quarter. Arnhold LLC now owns 143,788 shares of the company’s stock valued at $525,000 after buying an additional 58,288 shares in the last quarter. United Capital Financial Advisers LLC bought a new position in First Eagle Alternative Capital BDC during the fourth quarter valued at about $724,000. Finally, Rivernorth Capital Management LLC boosted its stake in First Eagle Alternative Capital BDC by 129.9% during the first quarter. Rivernorth Capital Management LLC now owns 852,106 shares of the company’s stock valued at $3,443,000 after buying an additional 481,400 shares in the last quarter. 18.85% of the stock is owned by institutional investors.

About First Eagle Alternative Capital BDC (NASDAQ:FCRD)

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.

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