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.
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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