Short Interest Update for First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD)

There was a discernible increase in the number of short positions taken on First Eagle Alternative Capital BDC, Inc. during December (NASDAQ: FCRD). There were 19,500 shares borrowed one month before December 15, representing a 48.2% increase to the current total of 28,900 shares borrowed as of December 15. Based on an average daily trading volume of 132,000 shares, the days-to-cover ratio has reached its current level of 0.2 days. This is the number that was arrived at. At any given time, approximately 0.1% of the total number of shares issued by the company are sold short.
The most recent quarterly results report by First Eagle Alternative Capital BDC was released on Tuesday, November 8, exactly one week after it was originally due (NASDAQ: FCRD). The company reported earnings per share for the quarter at $0.13, which was $0.01 higher than the consensus estimate of $0.12 from analysts. In comparison, market experts anticipated that the company would bring in revenue for the quarter totaling $8.82 million, but the company brought in revenue totaling $8.88 million. In addition, the first Eagle Alternative Capital BDC had a return on equity of 7.27 percent, even though the company had a negative net margin of 92.12 percent. First Eagle Alternative Capital BDC is expected to generate $0.46 in earnings per share for the current fiscal year, according to the consensus among financial industry experts.
The price of NASDAQ FCRD fell by $0.02 to $4.26 due to the trading volume being lower than its daily average of 103,602 shares, which occurred midday on Friday. The trading volume was 78,258 shares, which is lower than its daily average of 103,602. The company has a price-to-earnings ratio of 4.53, a beta value of 1.44, and a market cap of 127.46 million dollars. All of these metrics point to the company’s profitability. The simple moving average price of the company’s shares over the past 50 days is $4.21, while the average price over the last 200 days is $3.68. First Eagle Alternative Capital BDC hit an all-time low of $2.74 during the past year, while the company’s stock reached an all-time high of $4.70 during the same period. In addition to a debt-to-equity ratio of 0.72, the current and quick ratios stand at 0.15, while the current ratio stands at 0.15.
In the most recent few months, several well-known shareholders have revised the percentages of ownership in the company they currently hold. During the second quarter, Virtus ETF Advisers LLC made an 8.1% purchase of additional First Eagle Alternative Capital BDC shares, bringing the total number of those shares it owned to 102. After purchasing an additional 5,870 shares of the company during the most recent quarter, Virtus ETF Advisers LLC now has a total of 78,239 shares of the company, which are worth a combined total of $275,000 in the market today. O Shaughnessy Asset Management LLC raised the amount of First Eagle Alternative Capital BDC, which it had invested by 42.3% during the second quarter. O’Shaughnessy Asset Management LLC now has a total of 20,499 shares in the company, has purchased an additional 6,092 shares during the most recent quarter for a total investment of 20,499 in the company’s LLC made an 8.1% purchase of additional First Eagle Alternative Capital BDC shares, bringing the total number of those shares it owned to a total of 102. After purchasing an additional 5,870 shares of the company during the most recent quarter, Virtus ETF Advisers LLC now has a total of 78,239 shares of the company, which are worth a combined total of $275,000 in the market today. O Shaughnessy Asset Management LLC raised the amount of First Eagle Alternative Capital BDC, which it had invested by 42.3% during the second quarter. O’Shaughnessy Asset Management LLC now has 20,499 shares in the company and has purchased an additional 6,092 shares during the most recent quarter for a total investment of 20,499. The current value of these shares is seventy-two thousand dollars. In the first quarter, Jane Street Group LLC forked over $49,000 to purchase First Eagle Alternative Capital BDC. This acquisition was made at the beginning of the first quarter. During the third quarter, Citadel Advisors LLC purchased approximately 35,000 dollars worth of shares in First Eagle Alternative Capital BDC, marking the beginning of a new investment in that particular company. In the second quarter, LPL Financial LLC shelled out approximately $43,000 to purchase a new position in First Eagle Alternative Capital BDC. This was the last and most important item on the agenda. The company’s equity is owned by institutions, which account for 39.17% of the total.
In addition, the company has just announced a quarterly dividend, which will be distributed on the following Saturday, December 31. This dividend was just recently declared. On December 15, shareholders of record will be eligible to receive a dividend payment of $0.11 per share. This payment will be made. When calculated on an annualized basis, this results in a dividend payment of $0.44 per share and a dividend yield of 10.33%. On Wednesday, December 14, this dividend will be distributed to shareholders whose accounts have been brought up to date as of the announcement date. At this time, First Eagle Alternative Capital BDC has a payout ratio that is producing a negative result, coming in at -46.81%.
The business development company known as THL Credit, Inc. focuses primarily on direct investments as well as investments in fund-of-funds for the majority of its efforts. The fund will purchase middle-market companies’ debt and equity holdings as part of its investment strategy. In addition, it intends to make investments in PIPES, as well as growth, acquisition, market or product expansion, recapitalization, maturity, and change of control transactions involving sponsored and unsponsored issuers, respectively.