Alcentra Capital Corp Upgraded by Robert W. Baird to “Outperform” (ABDC)
Alcentra Capital Corp (NASDAQ:ABDC) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $15.00 target price on the stock. Robert W. Baird’s price target suggests a potential upside of 13.64% from the stock’s previous close. The analysts noted that the move was a valuation call.
Alcentra Capital Corp (NASDAQ:ABDC) traded up 1.68% during mid-day trading on Friday, hitting $13.422. The stock had a trading volume of 17,964 shares. Alcentra Capital Corp has a 52-week low of $10.60 and a 52-week high of $15.50. The stock’s 50-day moving average is $13.75 and its 200-day moving average is $14.22.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date of this dividend is Friday, September 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Alcentra Capital Corp from an “outperform” rating to a “strong-buy” rating in a research note on Monday, July 14th. They now have a $16.00 price target on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Alcentra Capital Corp in a research note on Tuesday, June 3rd. They set an “outperform” rating and a $15.00 price target on the stock.
Alcentra Capital Corporation is a specialty finance company. The Company operates as a non-diversified, closed-end management investment company and focused to be regulated as a business development company (NASDAQ:ABDC).
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