Notable News to Watch: Alcentra Capital Corporation (NASDAQ:ABDC)

Alcentra Capital Corporation (NASDAQ:ABDC) stock observed trading -6.38% off 52-week high price. On the other end, the stock has been noted 60.48% away from low price over the last 52-weeks. The stock disclosed a move of -0.08% away from 50 day moving average and 10.42% away from 200 day moving average. Moving closer, we can see that shares have been trading -0.78% off 20-day moving average. It has market cap of $113.31M and dividend yield of 8.18%.

On Oct. 14, 2019, Alcentra Capital Corporation (NASDAQ:ABDC) a provider of debt financing solutions to middle-market companies based primarily in the United States, notified that its Board of Directors declared a fourth quarter dividend of $0.18 per share payable on December 15, 2019 to stockholders of record as of November 30, 2019.


Alcentra Capital provides customized debt and equity financing solutions to middle-market companies, which Alcentra Capital generally defines as U.S. based companies having between $15.0 million and $75.0 million of EBITDA. Alcentra Capital’s investment objective is to provide attractive risk-adjusted returns by generating current income from its debt investments. Alcentra Capital seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

Alcentra Capital, which is externally managed by Alcentra NY, LLC, is a closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. In addition, for tax purposes, Alcentra Capital has elected to be treated as a regulated investment company under Subchapter M of the Internal Revenue Code. The USA based company Alcentra Capital Corporation moved with change of -0.45% to $8.8 with the total traded volume of 16239 shares in recent session versus to an average volume of 58.26K. The stock was observed in the 5 days activity at -0.69%. The one month performance of stock was -0.34%. ABDC’s shares are at 6.15% for the quarter and driving a 49.74% return over the course of the past year and is now at 38.40% since this point in 2018.  The average volatility for the week and month was at 0.67% and 1.02% respectively. There are 12.88M shares outstanding.

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