Muzinich & Co. Inc. cut its stake in Alcentra Capital Corp. (NASDAQ:ABDC) by 10.2% during the second quarter, Holdings Channel reports. The fund owned 111,419 shares of the company’s stock after selling 12,611 shares during the period. Alcentra Capital Corp. accounts for approximately 0.6% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 29th largest position. Muzinich & Co. Inc.’s holdings in Alcentra Capital Corp. were worth $1,354,000 at the end of the most recent quarter.
Separately, Confluence Investment Management LLC increased its position in shares of Alcentra Capital Corp. by 0.8% in the second quarter. Confluence Investment Management LLC now owns 189,994 shares of the company’s stock worth $2,308,000 after buying an additional 1,456 shares in the last quarter. Institutional investors own 44.23% of the company’s stock.
Shares of Alcentra Capital Corp. (NASDAQ:ABDC) traded down 0.08% during mid-day trading on Thursday, reaching $13.00. The company’s stock had a trading volume of 79,098 shares. Alcentra Capital Corp. has a 12 month low of $8.87 and a 12 month high of $13.47. The company has a 50 day moving average price of $12.69 and a 200 day moving average price of $12.09.
Alcentra Capital Corp. (NASDAQ:ABDC) last posted its earnings results on Thursday, August 4th. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.08. Alcentra Capital Corp. had a return on equity of 10.83% and a net margin of 18.31%. Equities analysts expect that Alcentra Capital Corp. will post $1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 30th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 10.46%. The ex-dividend date is Wednesday, September 28th. Alcentra Capital Corp.’s dividend payout ratio is currently 266.67%.
ABDC has been the subject of a number of analyst reports. TheStreet raised Alcentra Capital Corp. from a “hold” rating to a “buy” rating in a report on Thursday, September 1st. Janney Montgomery Scott initiated coverage on Alcentra Capital Corp. in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $15.00 price target for the company.
In other Alcentra Capital Corp. news, insider David Scopelliti purchased 2,000 shares of the stock in a transaction dated Thursday, September 8th. The shares were bought at an average cost of $12.88 per share, with a total value of $25,760.00. Following the completion of the transaction, the insider now owns 4,600 shares in the company, valued at approximately $59,248. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.47% of the stock is owned by insiders.
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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