Somewhat Favorable News Coverage Somewhat Unlikely to Impact Alcentra Capital Corp. (ABDC) Stock Price
News headlines about Alcentra Capital Corp. (NASDAQ:ABDC) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alcentra Capital Corp. earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 43.9131109025322 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- MOVES-Alcentra names new co-chief investment officer (finance.yahoo.com)
- $8.91 Million in Sales Expected for Alcentra Capital Corp. (ABDC) This Quarter (americanbankingnews.com)
- Alcentra Capital Corp. (ABDC) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Analysts Anticipate Alcentra Capital Corp. (ABDC) to Post $0.33 Earnings Per Share (americanbankingnews.com)
- 5 Buy-Rated Stocks That Yield a Massive 10% or More (247wallst.com)
ABDC has been the subject of a number of research reports. DA Davidson initiated coverage on shares of Alcentra Capital Corp. in a research note on Wednesday, July 5th. They set a “buy” rating and a $15.00 target price for the company. TheStreet cut shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research note on Monday, July 24th. ValuEngine cut shares of Alcentra Capital Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods set a $13.00 target price 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 cut their target price for the stock from $16.00 to $14.00 in a research note on Monday, July 17th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.50.
Shares of Alcentra Capital Corp. (NASDAQ:ABDC) opened at 10.94 on Wednesday. The stock’s 50 day moving average is $10.82 and its 200-day moving average is $12.82. Alcentra Capital Corp. has a 1-year low of $10.20 and a 1-year high of $14.73.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Saturday, September 30th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 12.43%. The ex-dividend date of this dividend is Thursday, September 28th. Alcentra Capital Corp.’s dividend payout ratio (DPR) is -1,700.00%.
In related 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 price 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 of the company’s stock, valued at $75,040. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.96% of the stock is owned by company insiders.
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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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