Keefe, Bruyette & Woods Reiterates “Market Perform” Rating for First Eagle Alternative Capital BDC (NASDAQ:FCRD)

Keefe, Bruyette & Woods reissued their market perform rating on shares of First Eagle Alternative Capital BDC (NASDAQ:FCRD – Get Rating) in a research report report published on Friday morning, Benzinga reports.

First Eagle Alternative Capital BDC Stock Performance

NASDAQ:FCRD opened at $4.54 on Friday. The stock has a fifty day moving average price of $4.60 and a 200-day moving average price of $4.12. The company has a market cap of $135.84 million, a price-to-earnings ratio of -4.83 and a beta of 1.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.15 and a current ratio of 0.15. First Eagle Alternative Capital BDC has a fifty-two week low of $2.74 and a fifty-two week high of $4.91.

First Eagle Alternative Capital BDC Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 8th will be given a dividend of $0.07 per share. The ex-dividend date is Wednesday, March 8th. This represents a $0.28 annualized dividend and a dividend yield of 6.17%. First Eagle Alternative Capital BDC’s dividend payout ratio is currently -29.79%.

Hedge Funds Weigh In On First Eagle Alternative Capital BDC

A number of institutional investors and hedge funds have recently bought and sold shares of FCRD. Citadel Advisors LLC acquired a new position in First Eagle Alternative Capital BDC in the 3rd quarter worth about $35,000. Jane Street Group LLC bought a new stake in First Eagle Alternative Capital BDC during the 3rd quarter valued at $39,000. LPL Financial LLC bought a new stake in First Eagle Alternative Capital BDC during the 2nd quarter valued at $43,000. Creative Planning bought a new stake in First Eagle Alternative Capital BDC during the 4th quarter valued at $49,000. Finally, O Shaughnessy Asset Management LLC grew its stake in shares of First Eagle Alternative Capital BDC by 42.3% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 20,499 shares of the company’s stock worth $72,000 after acquiring an additional 6,092 shares in the last quarter. Institutional investors and hedge funds own 39.17% of the company’s stock.

About First Eagle Alternative Capital BDC

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First Eagle Alternative Capital BDC, Inc is a traded fund. 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.