The stock is trading at $9.27 well below the 50 day moving average of $10.48 and quite a bit lower than the 200 day moving average of $12.14. The 50 day moving average went down by -11.59% whereas the 200 day average was down by -23.63%. Trading was heavy with 108K shares changing hands in the last trading session. Trading volume was up 75.67% over the stocks average daily volume. Investors are feeling more bullish of late considering the fall in short interest. The company saw a fall in short interest of -79.12% as of October 13, 2017 from the last reporting period. Short shares fell from 50,584 to 10,562 over that timeframe.
Additionally, here are a few investment firms who have increased or decreased their stake in (ABDC). Carnegie Capital Asset Management, LLC augmented its holdings by buying 1,500 shares an increase of 8.1% as of 06/30/2017. Carnegie Capital Asset Management, LLC currently owns 20,011 shares valued at $232,000. The value of the position overall is down by 13.1%. As of the end of the quarter Ubs Group Ag had disposed of 257,940 shares trimming its stake by 99.6%. The value of the company’s investment in Alcentra Capital Corp. went from $3,558,000 to $14,000 a change of $3,544,000 quarter to quarter.
As of quarter end Confluence Investment Management LLC had bought a total of 23,055 shares growing its position 44.6%. The value of the investment in Alcentra Capital Corp. increased from $703,000 to $801,000 a change of 13.9% for the reporting period. Raymond James Financial Services Advisors, Inc. cut its stake by selling 38,770 shares a decrease of 16.0% from 06/30/2017 to 09/30/2017. Raymond James Financial Services Advisors, Inc. now holds 204,095 shares worth $2,186,000. The total value of its holdings decreased 33.8%.
On July 17 the company was changed to “Outperform” according to a Raymond James report which is down from the previous “Strong Buy” rating.
The company is now down by 2.73% since yesterday’s close of $9.27. Additionally Alcentra Capital Corp. recently announced a dividend for shareholders which was paid on Thursday October 5th, 2017. The dividend payment was $0.340 per share for the quarter or $1.36 annualized. The dividend yield was $10.18. The ex-dividend date was Thursday the 28th of September 2017.
Alcentra Capital Corporation is a business development company specializing in investments in lower middle-market companies. The fund seeks to invest in healthcare, business services, defense, government services, telecom and technology, media, infrastructure maintenance and logistics, and oil and gas services sector. It focuses on investment opportunities headquartered in North America. The fund seeks to invest $5 million to $15 million per transaction in companies with EBITDA between $5 million to $15 million and revenues of between $10 million and $100 million. It invests in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments..