The Keefe, Bruyette & Woods Analysts Give Alcentra Capital Corp (ABDC) a $14.00 Price Target

The Keefe, Bruyette & Woods Analysts Give Alcentra Capital Corp (ABDC) a $14.00 Price Target

Separately, TheStreet upgraded Alcentra Capital Corp from a c rating to a b- rating in a research note on Monday, April 3rd. Four equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and a consensus price target of $13.67.

Keefe, Bruyette & Woods set a $14.00 price target on Alcentra Capital Corp (NASDAQ:ABDC) in a research note published on Wednesday. The firm currently has a hold rating on the asset manager’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Friday, June 30th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date is Wednesday, June 28th. Alcentra Capital Corp’s dividend payout ratio is presently 1,046.23%. In other news, major shareholder Of New York Mellon Corp Bank sold 1,691,839 shares of the stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $13.13, for a total value of $22,213,846.07. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.47% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ABDC. Muzinich & Co. Inc. raised its position in shares of Alcentra Capital Corp by 98.3% in the first quarter. Muzinich & Co. Inc. now owns 452,913 shares of the asset manager’s stock worth $6,223,000 after buying an additional 224,537 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Alcentra Capital Corp by 93.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 166,750 shares of the asset manager’s stock worth $2,291,000 after buying an additional 80,544 shares in the last quarter. Shelton Capital Management purchased a new position in shares of Alcentra Capital Corp during the fourth quarter worth $817,000. UBS Group AG raised its position in shares of Alcentra Capital Corp by 20.7% in the first quarter. UBS Group AG now owns 258,940 shares of the asset manager’s stock worth $3,558,000 after buying an additional 44,387 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Alcentra Capital Corp during the first quarter worth $491,000. 42.09% of the stock is currently owned by institutional investors and hedge funds. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ABDC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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