Alcentra Capital Corp (ABDC) To Go Ex-Dividend on December 28th
Alcentra Capital Corp (NASDAQ:ABDC) announced a quarterly dividend on Monday, November 6th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.25 per share by the asset manager on Thursday, January 4th. This represents a $1.00 annualized dividend and a yield of 11.48%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Alcentra Capital (NASDAQ:ABDC) opened at $8.71 on Wednesday. Alcentra Capital has a 52 week low of $7.00 and a 52 week high of $14.73. The firm has a market capitalization of $124.08, a price-to-earnings ratio of 18.15 and a beta of 0.62.
Alcentra Capital (NASDAQ:ABDC) last posted its quarterly earnings results on Monday, November 6th. The asset manager reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Alcentra Capital had a positive return on equity of 11.32% and a negative net margin of 2.25%. The business had revenue of $7.61 million for the quarter. analysts expect that Alcentra Capital will post 1.29 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on ABDC. ValuEngine cut Alcentra Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Rowe cut Alcentra Capital from an “outperform” rating to an “underperform” rating in a research note on Wednesday, November 8th. UBS Group cut Alcentra Capital from an “outperform” rating to an “underperform” rating in a research note on Wednesday, November 8th. Raymond James Financial cut Alcentra Capital from an “outperform” rating to an “underperform” rating in a research note on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.50 price objective on shares of Alcentra Capital in a research note on Friday, November 10th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Alcentra Capital presently has a consensus rating of “Hold” and an average price target of $12.83.
Alcentra Capital announced that its board has approved a share repurchase plan on Monday, November 6th that allows the company to repurchase $2.50 million in shares. This repurchase authorization allows the asset manager to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
In other Alcentra Capital news, Director Paul J. Echausse sold 10,000 shares of Alcentra Capital stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $7.45, for a total value of $74,500.00. Following the sale, the director now owns 58,946 shares in the company, valued at $439,147.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven H. Reiff acquired 6,900 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $7.23 per share, for a total transaction of $49,887.00. Following the acquisition, the director now directly owns 35,246 shares in the company, valued at approximately $254,828.58. The disclosure for this purchase can be found here. Insiders bought 11,730 shares of company stock worth $83,956 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.
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Alcentra Capital 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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