FY2023 EPS Estimates for First Eagle Alternative Capital BDC, Inc. Reduced by Oppenheimer (NASDAQ:FCRD)

First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRDGet Rating) – Investment analysts at Oppenheimer lowered their FY2023 earnings per share estimates for First Eagle Alternative Capital BDC in a research report issued to clients and investors on Tuesday, May 10th. Oppenheimer analyst M. Penn now forecasts that the company will post earnings of $0.44 per share for the year, down from their previous forecast of $0.45.

Separately, Zacks Investment Research upgraded shares of First Eagle Alternative Capital BDC from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Wednesday, May 4th.

FCRD stock opened at $3.83 on Thursday. First Eagle Alternative Capital BDC has a 12-month low of $3.80 and a 12-month high of $4.89. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.60. The company has a market cap of $114.68 million, a price-to-earnings ratio of 6.38 and a beta of 1.48. The company has a 50 day moving average of $4.24 and a two-hundred day moving average of $4.47.

First Eagle Alternative Capital BDC (NASDAQ:FCRDGet Rating) last released its earnings results on Thursday, March 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). First Eagle Alternative Capital BDC had a return on equity of 6.20% and a net margin of 56.39%. The company had revenue of $8.07 million during the quarter, compared to analysts’ expectations of $8.18 million. During the same quarter in the previous year, the company earned $0.11 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.44%. First Eagle Alternative Capital BDC’s dividend payout ratio is currently 66.67%.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of First Eagle Alternative Capital BDC during the 2nd quarter valued at $27,000. O Shaughnessy Asset Management LLC grew its stake in First Eagle Alternative Capital BDC by 319.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,697 shares of the company’s stock valued at $91,000 after buying an additional 15,765 shares during the last quarter. Claybrook Capital LLC acquired a new position in First Eagle Alternative Capital BDC in the 1st quarter valued at $126,000. HighTower Advisors LLC grew its stake in First Eagle Alternative Capital BDC by 37.4% in the 3rd quarter. HighTower Advisors LLC now owns 31,100 shares of the company’s stock valued at $137,000 after buying an additional 8,472 shares during the last quarter. Finally, Shikiar Asset Management Inc. grew its position in First Eagle Alternative Capital BDC by 75.0% in the 4th quarter. Shikiar Asset Management Inc. now owns 70,000 shares of the company’s stock worth $313,000 after purchasing an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 33.29% of the company’s stock.

About First Eagle Alternative Capital BDC (Get Rating)

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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