Media headlines about Alcentra Capital Corp. (NASDAQ:ABDC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alcentra Capital Corp. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.2932413939255 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Alcentra Capital Corp. (NASDAQ:ABDC) traded up 0.85% during trading on Friday, reaching $10.71. 52,164 shares of the company’s stock traded hands. Alcentra Capital Corp. has a one year low of $10.20 and a one year high of $14.73. The company has a 50 day moving average of $12.07 and a 200 day moving average of $13.07.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Saturday, September 30th will be issued a $0.34 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.36 annualized dividend and a dividend yield of 12.70%. Alcentra Capital Corp.’s dividend payout ratio is currently -1,700.00%.
ABDC has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of Alcentra Capital Corp. in a research report on Wednesday, July 5th. They issued a “buy” rating and a $15.00 target price on the stock. TheStreet cut shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Keefe, Bruyette & Woods set a $13.00 price target on shares of Alcentra Capital Corp. and gave the stock a “hold” rating in a research note on Sunday, August 6th. Finally, Raymond James Financial, Inc. cut shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $16.00 to $14.00 in a research note on Monday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.50.
In other news, Director Steven H. Reiff acquired 11,668 shares of Alcentra Capital Corp. stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost 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 approximately $75,040. The transaction 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 Alcentra Capital Corp. 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 disclosure for this sale can be found here. 4.96% of the stock is owned by company insiders.
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.
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.