Alcentra Capital Corp. (ABDC) Earning Somewhat Positive News Coverage, Report Finds
News articles about Alcentra Capital Corp. (NASDAQ:ABDC) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alcentra Capital Corp. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 46.5248160479952 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several equities research analysts have weighed in on ABDC shares. DA Davidson started coverage on Alcentra Capital Corp. in a research report on Wednesday, July 5th. They set a “buy” rating and a $15.00 price target on the stock. TheStreet downgraded Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research report on Monday, July 24th. ValuEngine downgraded Alcentra Capital Corp. from a “buy” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods set a $13.00 price target on Alcentra Capital Corp. and gave the stock a “hold” rating in a research report on Sunday, August 6th. Finally, Raymond James Financial, Inc. downgraded Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $16.00 to $14.00 in a research report on Monday, July 17th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.50.
Shares of Alcentra Capital Corp. (ABDC) opened at 10.68 on Friday. Alcentra Capital Corp. has a 12 month low of $10.20 and a 12 month high of $14.73. The firm’s 50-day moving average price is $11.30 and its 200 day moving average price is $12.96.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.73%. Alcentra Capital Corp.’s dividend payout ratio (DPR) is -1,700.00%.
In other news, Director Steven H. Reiff purchased 11,668 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $10.72 per share, for a total transaction of $125,080.96. Following the completion of the purchase, the director now directly owns 7,000 shares in the company, valued at approximately $75,040. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.96% 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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