ABDC - Alcentra Capital Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
8.84
-0.01 (-0.11%)
At close: 4:00PM EDT
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Previous Close8.85
Open8.90
Bid8.77 x 2200
Ask9.58 x 900
Day's Range8.81 - 8.98
52 Week Range5.58 - 9.40
Volume231,409
Avg. Volume46,728
Market Cap113.82M
Beta (3Y Monthly)0.42
PE Ratio (TTM)13.99
EPS (TTM)0.63
Earnings DateN/A
Forward Dividend & Yield0.72 (8.14%)
Ex-Dividend Date2019-09-25
1y Target Est9.13
Trade prices are not sourced from all markets
  • PR Newswire

    ALERT: Monteverde & Associates PC Launches an Investigation Regarding the Following Acquisition

    NEW YORK , Aug. 17, 2019 /PRNewswire/ --  Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York ...

  • Thomson Reuters StreetEvents

    Edited Transcript of ABDC earnings conference call or presentation 8-Aug-19 1:30pm GMT

    Q2 2019 Alcentra Capital Corp Earnings Call

  • SHAREHOLDER ALERT: WeissLaw LLP Investigates Alcentra Capital Corporation
    PR Newswire

    SHAREHOLDER ALERT: WeissLaw LLP Investigates Alcentra Capital Corporation

    NEW YORK , Aug. 15, 2019 /PRNewswire/ --  WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Alcentra Capital Corporation ("Alcentra ...

  • GlobeNewswire

    MERGER ALERT –TYPE, TRK, and ABDC: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, Aug. 15, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Alcentra Capital Corporation (NASDAQ: ABDC) on Behalf of Alcentra Shareholders and Encourages Alcentra Investors to Contact the Firm
    PR Newswire

    Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Alcentra Capital Corporation (NASDAQ: ABDC) on Behalf of Alcentra Shareholders and Encourages Alcentra Investors to Contact the Firm

    NEW YORK , Aug. 14, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Alcentra Capital Corporation (NASDAQ: ABDC) on behalf of Alcentra ...

  • ACCESSWIRE

    ALCENTRA CAPITAL CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

    WILMINGTON, DE / ACCESSWIRE / August 14, 2019 / Rigrodsky & Long, P.A.: Do you own shares of Alcentra Capital Corporation (NASDAQ GS: ABDC )? Did you purchase any of your shares prior to August 13, 2019? ...

  • GlobeNewswire

    SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Alcentra Capital Corporation to Crescent Capital BDC, Inc. is Fair to Shareholders

    NEW YORK, Aug. 14, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Alcentra Capital Corporation.

  • Zacks Small Cap Research

    ABDC: Alcentra Capital Announces Definitive Merger Agreement to Be Acquired at $11.02 per Share

    Today Crescent Capital BDC and Alcentra Capital (ABDC) announced that they have entered into a definitive merger agreement under which Crescent BDC will acquire Alcentra Capital for $11.02 per share (the portfolio’s current NAV). Any final dividend that Alcentra Capital must pay in connection with the closing of the transaction to comply with applicable tax requirements that is in excess of Alcentra Capital’s regular quarterly dividends will reduce the cash consideration to be paid by Crescent BDC on a dollar-for-dollar basis.

  • Business Wire

    Crescent Capital BDC, Inc. to Acquire Alcentra Capital Corporation

    Crescent Capital BDC, Inc. (“Crescent BDC”) and Alcentra Capital Corporation (“Alcentra Capital”) (ABDC) -- a middle-market BDC managed by Alcentra NY, LLC (“Alcentra NY”), a majority-owned subsidiary of BNY Alcentra Group Holdings, Inc. -- announced today that they have entered into a definitive merger agreement under which Crescent BDC will acquire Alcentra Capital. This transaction is the result of Alcentra Capital’s previously announced review of strategic alternatives led by an independent director committee (the “Committee of Independent Directors”) of its board of directors, and has been unanimously approved by the Committee of Independent Directors, the independent directors of Crescent BDC and the boards of directors of both companies.

  • Zacks Small Cap Research

    ABDC: Q2 2019 Earnings

    By Lisa Thompson NASDAQ:ABDC READ THE FULL ABDC RESEARCH REPORT New management at Alcentra (NASDAQ:ABDC) has made significant progress revamping the portfolio and stabilizing NAV. The company was even ...

  • Investors Fleeing Negative Yields Fuel Private Debt Cash-Pile
    Bloomberg

    Investors Fleeing Negative Yields Fuel Private Debt Cash-Pile

    (Bloomberg) -- Investors seeking shelter from the sea of negative-yielding assets may provide a further boost to Europe’s direct lending market.Private debt fund managers say the ultra low interest rate environment is set to drive more money into the business of lending to mid-sized companies. Fundraising for the strategy totaled $10.7 billion from January to June, according to research firm Preqin, and the second half of the year is off to a bumper start with several multi-billion-euro fundraisings already announced.“We expect increased demand from investors looking for higher yielding private credit assets with strong downside protection in an ultra-low rate environment,” said Eric Capp, head of origination for U.K. and Ireland at Pemberton Asset Management.In a world brimming with $15 trillion of negative-yielding debt, European direct lending funds typically offer a return in the high single digits, and some managers add leverage to boost yield by a few more percentage points.NewcomersExpectations for prolonged ultra-low rates in Europe should attract investors that have so far put little or no money into this area of the debt markets.“We’ve seen a lot of people who are first time allocators to the asset class coming into our fund,” said Adam Wheeler at Barings LLC, which announced the closing of its second European direct lending fund with 1.5 billion euros ($1.68 billion) this week.Investors building up their exposure to private corporate loans include pension funds and others, who have turned to direct lending while opportunities for attractive yields elsewhere diminish.U.K. Railworkers Pension Fund on Track for Private Debt Push“As the asset class becomes more established, we may see more interest from investors who have historically been less active in the space such as family offices,” said Mark Brenke, head of private debt at Ardian.Institutional investors’ appetite is driving fund sizes higher. Barings, Alcentra Capital Corp, and the private debt arm of LGT Capital Partners AG have all announced European funds worth 1 billion euros or more since the start of July. Those currently fundraising include CVC Credit Partners LLC and GSO Capital Partners LP, the latter with a 6 billion-euro target for its fund.But as the market balloons and competition for deals increases, investors are growing wary of risks stemming from weaker underwriting standards. Regulators have also flagged the illiquid nature of private debt assets, as investors are putting their cash into closed-ended funds with virtually no opportunity to withdraw until the assets mature.To contact the reporters on this story: Rachel McGovern in Dublin at rmcgovern17@bloomberg.net;Marianna Aragao in London at mduartedeara@bloomberg.netTo contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Ruth McGavinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    Alcentra Capital Corporation Announces Second Quarter 2019 Financial Results

    NEW YORK , Aug. 7, 2019 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ: ABDC) (the "Company"), a provider of debt financing solutions to middle-market companies based primarily in the United ...

  • PR Newswire

    Alcentra Capital Corporation Announces Conference Call To Discuss Second Quarter 2019 Results

    NEW YORK, Aug. 6, 2019 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ Global Select Market: "ABDC") ("Alcentra" or the "Company"), announced today that it will report operating and financial results for the second quarter ended June 30, 2019 on August 7, 2019 and has scheduled a conference call to discuss the results on Thursday, August 8, 2019 at 9:30am EDT. An archived webcast replay will be available on the Company's website until August 8, 2020. Alcentra Capital Corporation (www.alcentracapital.com) 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.

  • Thomson Reuters StreetEvents

    Edited Transcript of ABDC earnings conference call or presentation 7-May-19 1:30pm GMT

    Q1 2019 Alcentra Capital Corp Earnings Call

  • Zacks Small Cap Research

    ABDC: Q1 2019 NAV Improves As Company Explores Strategic Alternatives

    Alcentra Capital's (ABDC) reported Q1 2019 earnings and again increased NAV. The new management team continues to execute on its strategy of rotating toward a larger middle market, senior secured debt portfolio. Its goal is to both improve earnings and to decrease the discount of the stock price to NAV.

  • Associated Press

    Alcentra Capital: 1Q Earnings Snapshot

    The New York-based company said it had profit of 15 cents per share. Earnings, adjusted for investment costs, came to 22 cents per share. The results met Wall Street expectations. The average estimate ...

  • PR Newswire

    Alcentra Capital Corporation Announces First Quarter 2019 Financial Results

    NEW YORK , May 6, 2019 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ: ABDC) (the "Company"), a provider of debt financing solutions to middle-market companies based primarily in the United ...

  • PR Newswire

    Alcentra Capital Corporation Announces Conference Call To Discuss First Quarter 2019 Results

    NEW YORK , April 25, 2019 /PRNewswire/ -- Alcentra Capital Corporation (NASDAQ Global Select Market: "ABDC") ("Alcentra" or the "Company"), announced today that it will report ...

  • PR Newswire

    The Stilwell Group Mails Letter To Shareholders Of Alcentra Capital Corporation

    NEW YORK , April 16, 2019 /PRNewswire/ -- The Stilwell Group, the largest shareholder of Alcentra Capital Corporation (the "Company")(NASDAQ: ABDC), today announced that it has mailed a letter ...

  • Zacks Small Cap Research

    ABDC: Alcentra Capital Plans to Evaluate Strategic Alternatives

    Yesterday, the board of directors of Alcentra Capital (ABDC) announced it had hired Holihan Lockey to formally review strategic alternatives for the company. During this process, the stock has been trading at a significant discount to net asset value.

  • PR Newswire

    Alcentra Capital Corporation Announces Strategic Alternatives Review

    NEW YORK, April 4, 2019 /PRNewswire/ -- Alcentra Capital Corporation (ABDC) today announced that its Board of Directors has entered into a formal review process to evaluate strategic alternatives for the Company. The Board of Directors has authorized its Committee of Independent Directors to lead the process. Edward Grebow, chair of the Committee of Independent Directors, stated, "We are very pleased with the progress management continues to make in rotating the Company's legacy assets into upper middle-market senior secured investments and stabilizing the Company's net asset value.

  • Thomson Reuters StreetEvents

    Edited Transcript of ABDC earnings conference call or presentation 12-Mar-19 1:00pm GMT

    Q4 2018 Alcentra Capital Corp Earnings Call

  • Zacks Small Cap Research

    ABDC: Alcentra’s Repositioning Yields Higher NAV and Lower Discount to NAV

    Alcentra Capital's (ABDC) reported Q4 and full year 2018 earnings. The new management team continues to execute on its strategy of rotating toward a larger middle market, senior secured debt portfolio. Its goal is to both improve earnings and to decrease the discount of the stock price to NAV.