Alcentra Capital Corp. (ABDC) Director Purchases $49,887.00 in Stock
Alcentra Capital Corp. (NASDAQ:ABDC) Director Steven H. Reiff acquired 6,900 shares of Alcentra Capital Corp. stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $7.23 per share, with a total value of $49,887.00. Following the transaction, the director now owns 35,246 shares of the company’s stock, valued at approximately $254,828.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Alcentra Capital Corp. (NASDAQ ABDC) traded up $0.47 during trading hours on Friday, hitting $7.82. The company’s stock had a trading volume of 307,537 shares, compared to its average volume of 137,317. Alcentra Capital Corp. has a 12 month low of $7.00 and a 12 month high of $14.73. The firm has a market capitalization of $104.70, a PE ratio of 4.83 and a beta of 0.68.
Alcentra Capital Corp. (NASDAQ:ABDC) last announced its quarterly earnings results on Monday, November 6th. The asset manager reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Alcentra Capital Corp. had a positive return on equity of 11.32% and a negative net margin of 2.25%. The company had revenue of $7.61 million during the quarter. equities analysts anticipate that Alcentra Capital Corp. will post 1.29 earnings per share for the current year.
Alcentra Capital Corp. announced that its Board of Directors has authorized a share repurchase program on Monday, November 6th that authorizes the company to repurchase $2.50 million in shares. This repurchase authorization authorizes the asset manager to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Friday, December 29th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.79%. Alcentra Capital Corp.’s dividend payout ratio is currently 283.33%.
Several large investors have recently made changes to their positions in the business. Muzinich & Co. Inc. lifted its position in shares of Alcentra Capital Corp. by 34.7% in the second quarter. Muzinich & Co. Inc. now owns 610,164 shares of the asset manager’s stock worth $8,292,000 after buying an additional 157,251 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Alcentra Capital Corp. by 45.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 242,865 shares of the asset manager’s stock worth $3,300,000 after buying an additional 76,115 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Alcentra Capital Corp. in the second quarter worth about $646,000. Salzhauer Michael lifted its position in shares of Alcentra Capital Corp. by 62.6% in the second quarter. Salzhauer Michael now owns 47,292 shares of the asset manager’s stock worth $643,000 after buying an additional 18,200 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its position in shares of Alcentra Capital Corp. by 82.9% in the third quarter. Wasatch Advisors Inc. now owns 34,124 shares of the asset manager’s stock worth $365,000 after buying an additional 15,469 shares during the last quarter. 30.95% of the stock is owned by institutional investors.
A number of research firms recently issued reports on ABDC. Raymond James Financial, Inc. cut Alcentra Capital Corp. from an “outperform” rating to an “underperform” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods set a $13.00 price objective on Alcentra Capital Corp. and gave the company a “hold” rating in a research report on Sunday, August 6th. ValuEngine cut Alcentra Capital Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut Alcentra Capital Corp. from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, UBS AG cut Alcentra Capital Corp. from an “outperform” rating to an “underperform” rating in a research report on Wednesday, November 8th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $12.83.
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.
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.