First Eagle Alternative Capital BDC (NASDAQ:FCRD) Coverage Initiated by Analysts at Oppenheimer

Oppenheimer initiated coverage on shares of First Eagle Alternative Capital BDC (NASDAQ:FCRD) in a report issued on Monday morning, PriceTargets.com reports. The brokerage issued a market perform rating and a $5.00 target price on the stock.

Several other research analysts have also issued reports on FCRD. 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. TheStreet raised First Eagle Alternative Capital BDC from a d+ rating to a c rating in a research note on Friday, May 28th.

Shares of FCRD opened at $4.40 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.17 and a current ratio of 0.17. The company has a 50-day simple moving average of $4.61 and a 200-day simple moving average of $4.43. First Eagle Alternative Capital BDC has a 52 week low of $2.37 and a 52 week high of $4.79. The firm has a market capitalization of $132.48 million, a P/E ratio of 4.19 and a beta of 1.69.

First Eagle Alternative Capital BDC (NASDAQ:FCRD) last announced its quarterly earnings data on Wednesday, August 4th. The company reported $0.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.09. The company had revenue of $7.78 million during the quarter, compared to the consensus estimate of $7.91 million. First Eagle Alternative Capital BDC had a return on equity of 6.50% and a net margin of 108.62%. As a group, equities analysts forecast that First Eagle Alternative Capital BDC will post 0.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.09%. The ex-dividend date is Tuesday, September 14th. First Eagle Alternative Capital BDC’s payout ratio is presently 114.29%.

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in shares of First Eagle Alternative Capital BDC in the second quarter worth about $27,000. Squarepoint Ops LLC bought a new position in First Eagle Alternative Capital BDC in the second quarter valued at approximately $83,000. Advisor Group Holdings Inc. acquired a new position in shares of First Eagle Alternative Capital BDC in the second quarter valued at approximately $85,000. LPL Financial LLC bought a new stake in shares of First Eagle Alternative Capital BDC during the second quarter worth $86,000. Finally, Citigroup Inc. bought a new stake in First Eagle Alternative Capital BDC in the 2nd quarter valued at $87,000. 22.95% of the stock is owned by hedge funds and other institutional investors.

About First Eagle Alternative Capital BDC

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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