Alcentra Capital Corp. (ABDC) Given Daily Media Sentiment Score of 0.25
Media headlines about Alcentra Capital Corp. (NASDAQ:ABDC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded 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 0.25 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 44.1473113777613 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
A number of brokerages recently commented on ABDC. ValuEngine upgraded shares of Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods set a $13.00 price objective on shares of Alcentra Capital Corp. and gave the stock a “hold” rating in a report on Sunday, August 6th. TheStreet lowered shares of Alcentra Capital Corp. from a “b” rating to a “c+” rating in a report on Monday, July 24th. Raymond James Financial, Inc. lowered shares of Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $16.00 to $14.00 in a report on Monday, July 17th. Finally, DA Davidson began coverage on shares of Alcentra Capital Corp. in a report on Wednesday, July 5th. They set a “buy” rating and a $15.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alcentra Capital Corp. currently has a consensus rating of “Hold” and an average target price of $13.50.
Shares of Alcentra Capital Corp. (NASDAQ ABDC) opened at 10.68 on Friday. Alcentra Capital Corp. has a 52 week low of $10.20 and a 52 week high of $14.73. The firm has a 50-day moving average of $10.73 and a 200 day moving average of $12.61.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Saturday, September 30th were issued a dividend of $0.34 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.36 annualized dividend and a yield of 12.73%. Alcentra Capital Corp.’s payout ratio is -1,700.00%.
In other Alcentra Capital Corp. news, Director Steven H. Reiff acquired 11,668 shares of the stock in a transaction on Monday, August 7th. The shares were purchased at an average price of $10.72 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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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