Alcentra Capital Corp (NASDAQ:ABDC) had declared a cash dividend of $0.3400 on Aug 5, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Aug 5, 2016 share price, the yield comes out to be 11.1111%. The dividend payable date has been fixed on Oct 6, 2016.
In a different note, Janney Capital said it Initiates Coverage on Alcentra Capital Corp, according to a research note issued on Jun 22, 2016. The shares have been rated ‘Neutral’ by the firm.
Alcentra Capital Corp (ABDC) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.24% at a volume of 24,383. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.46. The peak price level was also seen at $12.46 while the days lowest was $12.3. Finally the shares closed at $12.33. The 52-week high of the shares is $13.28 while the 52-week low is $8.87. According to the latest information available, the market cap of the company is $166 M.
Alcentra Capital Corp(ABDC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.44.
Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Ellida Mcmillan (Chief Accounting Officer) purchased 480 shares at $12.18 per share price.Also, On May 25, 2016, Paul J Echausse (CEO) purchased 1,200 shares at $11.89 per share price.On Mar 28, 2016, David Scopelliti (Senior Vice President) purchased 500 shares at $11.27 per share price, according to the Form-4 filing with the securities and exchange commission.
Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified closed-end management investment company. The Company’s targeted industry sectors are healthcare and pharmaceutical services; defense aerospace homeland security and government services; business and outsourced services and energy services. Its investment objective is to generate both current income and capital appreciation through debt and equity investments by targeting investment opportunities with favorable risk-adjusted returns. It invests in middle-market companies in the form of mezzanine and senior secured loans which includes an equity component and makes direct equity investments in such companies. 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 between $5 million and $15 million and revenues of between $10 million and $100 million.