Alcentra Capital Corp. (ABDC) Earning Somewhat Positive News Coverage, Report Shows

News coverage about Alcentra Capital Corp. (NASDAQ:ABDC) has trended somewhat positive recently, Alpha One reports. Alpha One, a division of Accern, identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alcentra Capital Corp. earned a media sentiment score of 0.04 on Alpha One’s scale. Alpha One also gave headlines about the asset manager an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.

Insider Buying and Selling by Quarter for Alcentra Capital Corp. (NASDAQ:ABDC)

A number of brokerages have issued reports on ABDC. Keefe, Bruyette & Woods set a $14.00 price target on Alcentra Capital Corp. and gave the company a “hold” rating in a report on Wednesday, May 31st. TheStreet raised Alcentra Capital Corp. from a “c” rating to a “b-” rating in a research note on Monday, April 3rd. Four analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $13.67.

Shares of Alcentra Capital Corp. (NASDAQ:ABDC) traded down 0.38% on Friday, hitting $13.28. The stock had a trading volume of 36,006 shares. The firm’s 50-day moving average is $13.65 and its 200-day moving average is $13.05. Alcentra Capital Corp. has a one year low of $11.17 and a one year high of $14.73. The company has a market cap of $178.44 million, a price-to-earnings ratio of 32.47 and a beta of 0.76.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 6th. Investors of record on Friday, June 30th will be paid a $0.34 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.24%. Alcentra Capital Corp.’s dividend payout ratio (DPR) is presently 340.00%.

In related news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of Alcentra Capital Corp. stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $13.13, for a total value of $22,213,846.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.96% of the stock is owned by insiders.

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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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