Insider Buying: Paul J. Echausse Purchases 1,000 Shares of Alcentra Capital Corp Stock (ABDC)
Alcentra Capital Corp (NASDAQ:ABDC) CEO Paul J. Echausse purchased 1,000 shares of the stock on the open market in a transaction dated Thursday, August 28th. The shares were purchased at an average cost of $13.58 per share, with a total value of $13,580.00. Following the completion of the transaction, the chief executive officer now directly owns 2,300 shares of the company’s stock, valued at approximately $31,234. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on ABDC. Analysts at Robert W. Baird upgraded shares of Alcentra Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Friday, August 15th. They now have a $15.00 price target on the stock. They noted that the move was a valuation call. Separately, 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 Raymond James initiated coverage on shares of Alcentra Capital Corp in a research note on Wednesday, June 4th. They set an “outperform” rating on the stock.
Alcentra Capital Corp (NASDAQ:ABDC) traded up 1.48% during mid-day trading on Friday, hitting $13.69. The stock had a trading volume of 38,452 shares. Alcentra Capital Corp has a 52 week low of $10.60 and a 52 week high of $15.50. The stock has a 50-day moving average of $13.40 and a 200-day moving average of $14.11.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 10.08%. The ex-dividend date is Friday, September 26th.
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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