Today: Today, Robert W. Baird lowers the Stock rating of Alcentra Capital Corp. (ABDC)

Today, Robert W. Baird lowers the Stock rating of Alcentra Capital Corp. (ABDC)

Alcentra Capital Corp. (NASDAQ:ABDC) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They presently have a $12.00 price objective on the stock, down from their prior price objective of $13.00. Robert W. Baird’s price objective would indicate a potential downside of 2.04% from the stock’s current price.

Separately, TheStreet raised shares of Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st.

Alcentra Capital Corp. (NASDAQ:ABDC) opened at 12.25 on Monday. The stock’s 50 day moving average is $12.50 and its 200 day moving average is $12.40. Alcentra Capital Corp. has a 52 week low of $8.87 and a 52 week high of $13.47. The firm 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 disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Saturday, December 31st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 11.10%. The ex-dividend date is Wednesday, December 28th. Alcentra Capital Corp.’s payout ratio is 1,046.23%.

In other news, insider David Scopelliti acquired 2,000 shares of Alcentra Capital Corp. stock in a transaction that occurred on Thursday, September 8th. The shares were acquired at an average price of $12.88 per share, with a total value of $25,760.00. Following the purchase, the insider now directly owns 4,600 shares of the company’s stock, valued at $59,248. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABDC. Royal Bank of Canada raised its position in shares of Alcentra Capital Corp. by 840.8% in the second quarter. Royal Bank of Canada now owns 9,408 shares of the company’s stock worth $115,000 after buying an additional 8,408 shares during the last quarter. Oppenheimer & Co. Inc. raised 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 last quarter. JPMorgan Chase & Co. raised 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 last quarter. Carnegie Capital Asset Management LLC bought a new position in shares of Alcentra Capital Corp. during the third quarter worth $222,000. Finally, Moody National Bank Trust Division raised its position in shares of Alcentra Capital Corp. by 50.3% in the second quarter. Moody National Bank Trust Division now owns 24,500 shares of the company’s stock worth $298,000 after buying an additional 8,200 shares during the last quarter. 45.33% of the stock is currently owned by institutional investors and hedge funds.

Alcentra Capital Corp. Company Profile

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