Alcentra Capital Corp CEO Acquires $13,580 in Stock (ABDC)
Alcentra Capital Corp (NASDAQ:ABDC) CEO Paul J. Echausse acquired 1,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 28th. The shares were purchased at an average cost of $13.58 per share, for a total transaction of $13,580.00. Following the completion of the transaction, the chief executive officer now directly owns 2,300 shares in the company, 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 analysts have recently weighed in on ABDC shares. 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) opened at 13.68 on Tuesday. Alcentra Capital Corp has a 1-year low of $10.60 and a 1-year high of $15.50. The stock has a 50-day moving average of $13.39 and a 200-day moving average of $14.10.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 6th. Investors 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 9.94%. 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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