First Eagle Alternative Capital BDC (NASDAQ:FCRD) Stock Price Down 0.2%

First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD)’s stock price fell 0.2% on Wednesday . The stock traded as low as $4.70 and last traded at $4.76. 57,861 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 61,617 shares. The stock had previously closed at $4.77.

Separately, TheStreet raised shares of First Eagle Alternative Capital BDC from a “d+” rating to a “c” rating in a report on Friday, May 28th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. First Eagle Alternative Capital BDC presently has an average rating of “Hold” and an average price target of $3.25.

The company has a market cap of $141.81 million, a P/E ratio of 3.89 and a beta of 1.70. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.18 and a quick ratio of 0.18. The business’s 50 day moving average is $4.40.

First Eagle Alternative Capital BDC (NASDAQ:FCRD) last announced its quarterly earnings results on Wednesday, May 5th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The company had revenue of $7.19 million for the quarter, compared to analyst estimates of $7.40 million. First Eagle Alternative Capital BDC had a net margin of 134.15% and a return on equity of 6.03%. On average, analysts predict that First Eagle Alternative Capital BDC, Inc. will post 0.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.49%. First Eagle Alternative Capital BDC’s dividend payout ratio (DPR) is presently 114.29%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rivernorth Capital Management LLC grew its position in shares of First Eagle Alternative Capital BDC by 129.9% during the first quarter. Rivernorth Capital Management LLC now owns 852,106 shares of the company’s stock worth $3,443,000 after acquiring an additional 481,400 shares during the last quarter. United Capital Financial Advisers LLC purchased a new position in First Eagle Alternative Capital BDC in the 4th quarter valued at $724,000. Arnhold LLC grew its position in First Eagle Alternative Capital BDC by 68.2% in the 4th quarter. Arnhold LLC now owns 143,788 shares of the company’s stock valued at $525,000 after buying an additional 58,288 shares during the last quarter. Bessemer Group Inc. purchased a new position in First Eagle Alternative Capital BDC in the 4th quarter valued at $48,000. Finally, Ancora Advisors LLC purchased a new position in First Eagle Alternative Capital BDC in the 4th quarter valued at $44,000. Institutional investors and hedge funds own 18.85% of the company’s stock.

About First Eagle Alternative Capital BDC (NASDAQ:FCRD)

THL Credit, Inc is a business development company specializing in direct and fund of fund investments. The fund seeks to invest in debt and equity securities of middle market companies. It seeks to invest in PIPES, growth, acquisition, market or product expansion, recapitalization, mature, and change of control transactions in both sponsored and unsponsored issuers.

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