Mackenzie Financial Corp Takes Position in First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD)

Mackenzie Financial Corp purchased a new stake in shares of First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) in the third quarter, Holdings Channel.com reports. The firm purchased 310,339 shares of the company’s stock, valued at approximately $1,369,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FCRD. Rivernorth Capital Management LLC grew its position in shares of First Eagle Alternative Capital BDC by 88.3% during the 2nd quarter. Rivernorth Capital Management LLC now owns 1,604,107 shares of the company’s stock valued at $7,315,000 after purchasing an additional 752,001 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of First Eagle Alternative Capital BDC during the 2nd quarter valued at $1,889,000. Morgan Stanley purchased a new position in shares of First Eagle Alternative Capital BDC during the 2nd quarter valued at $1,159,000. Legal & General Group Plc purchased a new position in shares of First Eagle Alternative Capital BDC during the 2nd quarter valued at $947,000. Finally, Cox Capital Mgt LLC purchased a new position in shares of First Eagle Alternative Capital BDC during the 3rd quarter valued at $588,000. Hedge funds and other institutional investors own 32.11% of the company’s stock.

A number of research firms have recently issued reports on FCRD. Zacks Investment Research downgraded shares of First Eagle Alternative Capital BDC from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. Oppenheimer began coverage on shares of First Eagle Alternative Capital BDC in a report on Monday, September 20th. They set a “market perform” rating and a $5.00 price objective for the company.

NASDAQ FCRD opened at $4.50 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.14 and a current ratio of 0.14. The company has a market capitalization of $135.49 million, a P/E ratio of 6.92 and a beta of 1.61. The company has a fifty day moving average of $4.66 and a 200-day moving average of $4.61. First Eagle Alternative Capital BDC, Inc. has a 52-week low of $3.25 and a 52-week high of $4.89.

First Eagle Alternative Capital BDC (NASDAQ:FCRD) last posted its quarterly earnings results on Thursday, November 4th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $8.36 million during the quarter, compared to the consensus estimate of $7.99 million. First Eagle Alternative Capital BDC had a net margin of 64.14% and a return on equity of 6.49%. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, analysts forecast that First Eagle Alternative Capital BDC, Inc. will post 0.41 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, December 15th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.89%. The ex-dividend date was Tuesday, December 14th. First Eagle Alternative Capital BDC’s dividend payout ratio is presently 61.54%.

In other First Eagle Alternative Capital BDC news, CEO Christopher J. Flynn purchased 12,500 shares of the stock in a transaction on Thursday, December 2nd. The stock was acquired at an average cost of $4.74 per share, with a total value of $59,250.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

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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Institutional Ownership by Quarter for First Eagle Alternative Capital BDC (NASDAQ:FCRD)

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