Short Interest in First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) Expands By 28.9%

First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 47,700 shares, an increase of 28.9% from the August 15th total of 37,000 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 44,100 shares, the short-interest ratio is currently 1.1 days.

Large investors have recently modified their holdings of the business. United Capital Financial Advisers LLC boosted its position in First Eagle Alternative Capital BDC by 2.5% in the 2nd quarter. United Capital Financial Advisers LLC now owns 208,791 shares of the company’s stock valued at $952,000 after buying an additional 5,068 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of First Eagle Alternative Capital BDC in the second quarter worth about $27,000. Virtus ETF Advisers LLC boosted its holdings in First Eagle Alternative Capital BDC by 28.0% in the second quarter. Virtus ETF Advisers LLC now owns 73,954 shares of the company’s stock valued at $337,000 after purchasing an additional 16,172 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in First Eagle Alternative Capital BDC during the 2nd quarter valued at approximately $83,000. Finally, Advisor Group Holdings Inc. purchased a new stake in First Eagle Alternative Capital BDC during the 2nd quarter worth approximately $85,000. 22.95% of the stock is owned by institutional investors.

Shares of FCRD stock traded down $0.03 during mid-day trading on Monday, reaching $4.42. The company’s stock had a trading volume of 44 shares, compared to its average volume of 54,570. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $133.08 million, a PE ratio of 4.24 and a beta of 1.69. The company’s 50 day simple moving average is $4.61 and its 200-day simple moving average is $4.43. First Eagle Alternative Capital BDC has a 12-month low of $2.37 and a 12-month high of $4.79.

First Eagle Alternative Capital BDC (NASDAQ:FCRD) last released its quarterly earnings data on Wednesday, August 4th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. First Eagle Alternative Capital BDC had a return on equity of 6.50% and a net margin of 108.62%. The company had revenue of $7.78 million for the quarter, compared to analyst estimates of $7.91 million. As a group, research analysts anticipate that First Eagle Alternative Capital BDC will post 0.39 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date is Tuesday, September 14th. First Eagle Alternative Capital BDC’s dividend payout ratio is presently 114.29%.

A number of research analysts have recently commented on the stock. TheStreet raised shares of First Eagle Alternative Capital BDC from a “d+” rating to a “c” rating in a research note on Friday, May 28th. Zacks Investment Research lowered First Eagle Alternative Capital BDC from a “hold” rating to a “sell” rating in a research note on Wednesday, August 11th. Finally, Oppenheimer initiated coverage on First Eagle Alternative Capital BDC in a research note on Monday. They issued a “market perform” rating and a $5.00 price objective on the stock.

First Eagle Alternative Capital BDC Company Profile

First Eagle Alternative Capital BDC, Inc is a non-diversified closed-end management investment company. Its objective is to generate both current income and capital appreciation, through investments in privately negotiated debt and equity securities of lower middle market companies. The company was founded on May 26, 2009 and is headquartered in Boston, MA.

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