Alcentra Capital Corp. (NASDAQ:ABDC) reached a new 52-week low during trading on Monday . The company traded as low as $10.79 and last traded at $10.72, with a volume of 124,672 shares trading hands. The stock had previously closed at $11.37.
A number of research firms have commented on ABDC. Keefe, Bruyette & Woods set a $13.00 price target on Alcentra Capital Corp. and gave the company a “hold” rating in a research report on Sunday, August 6th. DA Davidson assumed coverage on Alcentra Capital Corp. in a research note on Wednesday, July 5th. They issued a “buy” rating and a $15.00 price objective on the stock. TheStreet downgraded Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Finally, Raymond James Financial, Inc. downgraded 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 research note on Monday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.50.
The firm has a 50-day moving average price of $12.07 and a 200-day moving average price of $13.07.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.34 per share. 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 payout ratio is -1,700.00%.
In related news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $13.13, for a total value of $22,213,846.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven H. Reiff acquired 11,668 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased 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 disclosure for this purchase can be found here. 4.96% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the stock. Guggenheim Capital LLC raised its stake in shares of Alcentra Capital Corp. by 57.3% in the fourth quarter. Guggenheim Capital LLC now owns 67,654 shares of the asset manager’s stock worth $810,000 after buying an additional 24,637 shares in the last quarter. Creative Planning raised 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 in the last quarter. Wells Fargo & Company MN raised 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 in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of 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. Finally, Muzinich & Co. Inc. raised its stake in shares of 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. Institutional investors and hedge funds own 28.44% of the company’s stock.
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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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