Shelton Capital Management Has $792,000 Position in Alcentra Capital Corp. (ABDC)
Shelton Capital Management maintained its position in Alcentra Capital Corp. (NASDAQ:ABDC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,286 shares of the asset manager’s stock at the close of the 2nd quarter. Shelton Capital Management’s holdings in Alcentra Capital Corp. were worth $792,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in Alcentra Capital Corp. by 1,948.4% in the second quarter. Royal Bank of Canada now owns 8,808 shares of the asset manager’s stock valued at $120,000 after buying an additional 8,378 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Alcentra Capital Corp. during the second quarter valued at $219,000. Salem Investment Counselors Inc. acquired a new position in shares of Alcentra Capital Corp. during the second quarter valued at $646,000. Carnegie Capital Asset Management LLC increased its holdings in shares of Alcentra Capital Corp. by 8.1% during the second quarter. Carnegie Capital Asset Management LLC now owns 20,011 shares of the asset manager’s stock valued at $232,000 after purchasing an additional 1,500 shares during the period. Finally, Stifel Financial Corp acquired a new position in shares of Alcentra Capital Corp. during the second quarter valued at $188,000. Institutional investors own 31.49% of the company’s stock.
In other Alcentra Capital Corp. news, Director Steven H. Reiff acquired 11,668 shares of Alcentra Capital Corp. stock in a transaction on Monday, August 7th. The shares were bought at an average price of $10.72 per share, with a total value of $125,080.96. Following the completion of the purchase, the director now owns 7,000 shares in the company, valued at $75,040. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.96% of the stock is currently owned by insiders.
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Alcentra Capital Corp. (NASDAQ ABDC) opened at 10.68 on Friday. The stock’s 50 day moving average price is $10.73 and its 200-day moving average price is $12.61. Alcentra Capital Corp. has a one year low of $10.20 and a one year high of $14.73.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 5th. Shareholders of record on Saturday, September 30th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 12.73%. The ex-dividend date was Thursday, September 28th. Alcentra Capital Corp.’s dividend payout ratio is currently -1,700.00%.
ABDC has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “hold” rating and set a $14.00 price target on shares of Alcentra Capital Corp. in a report on Tuesday, July 25th. ValuEngine raised Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet lowered Alcentra Capital Corp. from a “b” rating to a “c+” rating in a report on Monday, July 24th. Raymond James Financial, Inc. lowered Alcentra Capital Corp. from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $16.00 to $14.00 in a report on Monday, July 17th. Finally, DA Davidson initiated coverage on Alcentra Capital Corp. in a report on Wednesday, July 5th. They set a “buy” rating and a $15.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alcentra Capital Corp. has an average rating of “Hold” and an average price target of $13.50.
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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