Todays Report: Today, Alcentra Capital Corp. (ABDC) Lowered by TheStreet to Hold

Today, Alcentra Capital Corp. (ABDC) Lowered by TheStreet to Hold

Alcentra Capital Corp. (NASDAQ:ABDC) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research report issued on Monday.

A number of other brokerages also recently issued reports on ABDC. Robert W. Baird downgraded Alcentra Capital Corp. from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $13.00 to $12.00 in a research report on Monday, November 7th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Alcentra Capital Corp. in a research report on Monday, November 7th.

Alcentra Capital Corp. (NASDAQ:ABDC) traded up 0.49% during mid-day trading on Monday, reaching $12.25. 21,715 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $12.52 and a 200-day moving average of $12.39. Alcentra Capital Corp. has a one year low of $8.87 and a one year high of $13.47. The stock has a market cap of $165.25 million, a price-to-earnings ratio of 23.93 and a beta of 0.90.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Saturday, December 31st will be given a $0.34 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.36 dividend on an annualized basis and a yield of 11.10%. Alcentra Capital Corp.’s payout ratio is 1,046.23%.

In other news, insider David Scopelliti bought 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 8th. The stock was bought at an average price of $12.88 per share, for a total transaction of $25,760.00. Following the transaction, the insider now directly owns 4,600 shares of the company’s stock, valued at approximately $59,248. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.47% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in ABDC. Oppenheimer & Co. Inc. boosted its position in shares of Alcentra Capital Corp. by 2.2% in the third quarter. Oppenheimer & Co. Inc. now owns 12,448 shares of the company’s stock worth $162,000 after buying an additional 268 shares during the period. Confluence Investment Management LLC boosted its position in shares of Alcentra Capital Corp. by 0.5% in the third quarter. Confluence Investment Management LLC now owns 190,912 shares of the company’s stock worth $2,480,000 after buying an additional 918 shares during the period. Baird Financial Group Inc. boosted its position in shares of Alcentra Capital Corp. by 7.3% in the second quarter. Baird Financial Group Inc. now owns 74,461 shares of the company’s stock worth $905,000 after buying an additional 5,035 shares during the period. UBS Group AG boosted its position in shares of Alcentra Capital Corp. by 3.9% in the first quarter. UBS Group AG now owns 187,480 shares of the company’s stock worth $2,180,000 after buying an additional 6,975 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Alcentra Capital Corp. by 107.1% in the third quarter. JPMorgan Chase & Co. now owns 14,273 shares of the company’s stock worth $185,000 after buying an additional 7,382 shares during the period. 45.33% of the stock is currently owned by institutional investors and hedge funds.

Alcentra Capital Corp. Company Profile

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