Loading...
FCRD logo

First Eagle Alternative Capital BDC, Inc.NasdaqGS:FCRD Stock Report

Market Cap US$135.8m
Share Price
n/a
1Y2.9%
7D-6.8%
1D-3.6%
Portfolio Value
​
View

First Eagle Alternative Capital BDC, Inc.

NasdaqGS:FCRD Stock Report

Market Cap: US$135.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

First Eagle Alternative Capital BDC (FCRD) Stock Overview

THL Credit, Inc. is a business development company specializing in direct and fund of fund investments. More details

FCRD fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends3/6

FCRD Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

NEW485,853 members

Join community and earn perks

Gain real feedbackFrom our editorial team, personally. Not silence.
Grow your followingReal investors. The kind who actually invest, not scroll past.
Unlock free accessFree premium subscription for consistent and quality authors.
Learn moreCreate Narrative
BL
BlackGoat
IN
Investingwilly
RO
RockeTeller
AG
Agricola
485,853 investors already sharing narratives
View all narratives

First Eagle Alternative Capital BDC, Inc. Competitors

 
 
 
 
 
 
 
 
 
 
 
 

Price History & Performance

Summary of share price highs, lows and changes for First Eagle Alternative Capital BDC
Historical stock prices
Current Share PriceUS$4.54
52 Week HighUS$4.91
52 Week LowUS$2.74
Beta1.52
1 Month Change-0.87%
3 Month Change5.09%
1 Year Change2.95%
3 Year Change19.47%
5 Year Change-44.23%
Change since IPO-64.39%

Recent News & Updates

Seeking Alpha • Oct 04

Crescent Capital to acquire First Eagle Alternative Capital

Crescent Capital BDC (NASDAQ:CCAP) will acquire First Eagle Alternative Capital BDC (NASDAQ:FCRD) in a stock and cash transaction. The transaction represents total consideration for First Eagle stockholders of ~$145.6M or $4.86 per share, representing a 66% premium to the closing stock price of First Eagle on Oct. 3. Post the transaction, Crescent and First Eagle stockholders are expected to own ~83% and 17%, respectively. The combined entity is expected to have ~$1.6B of investments on a pro forma basis. The boards of both the companies have approved the transaction. The acquisition is expected to close as early as Q4. Additionally, Sun Life, which owns a majority interest in Crescent, will purchase $20M of the combined company's common stock via a share purchase program over time following the consummation of the transaction. First Eagle's 5.00% senior unsecured notes due May 25, 2026, will be assumed by a subsidiary of Crescent. FCRD shares were trading +0.68% pre-market. Source: Press Release
Seeking Alpha • Aug 09

First Eagle Alternative Capital raises dividend by 10%

First Eagle Alternative Capital (NASDAQ:FCRD) declares $0.11/share quarterly dividend, 10% increase from prior dividend of $0.10. Forward yield 13.21% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See FCRD Dividend Scorecard, Yield Chart, & Dividend Growth.

Recent updates

Seeking Alpha • Oct 04

Crescent Capital to acquire First Eagle Alternative Capital

Crescent Capital BDC (NASDAQ:CCAP) will acquire First Eagle Alternative Capital BDC (NASDAQ:FCRD) in a stock and cash transaction. The transaction represents total consideration for First Eagle stockholders of ~$145.6M or $4.86 per share, representing a 66% premium to the closing stock price of First Eagle on Oct. 3. Post the transaction, Crescent and First Eagle stockholders are expected to own ~83% and 17%, respectively. The combined entity is expected to have ~$1.6B of investments on a pro forma basis. The boards of both the companies have approved the transaction. The acquisition is expected to close as early as Q4. Additionally, Sun Life, which owns a majority interest in Crescent, will purchase $20M of the combined company's common stock via a share purchase program over time following the consummation of the transaction. First Eagle's 5.00% senior unsecured notes due May 25, 2026, will be assumed by a subsidiary of Crescent. FCRD shares were trading +0.68% pre-market. Source: Press Release
Seeking Alpha • Aug 09

First Eagle Alternative Capital raises dividend by 10%

First Eagle Alternative Capital (NASDAQ:FCRD) declares $0.11/share quarterly dividend, 10% increase from prior dividend of $0.10. Forward yield 13.21% Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14. See FCRD Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

FCRDUS Capital MarketsUS Market
7D-6.8%2.2%-0.4%
1Y2.9%2.3%18.4%

Return vs Industry: FCRD underperformed the US Capital Markets industry which returned 54.6% over the past year.

Return vs Market: FCRD underperformed the US Market which returned 29.6% over the past year.

Price Volatility

Is FCRD's price volatile compared to industry and market?
FCRD volatility
FCRD Average Weekly Movement3.1%
Capital Markets Industry Average Movement3.8%
Market Average Movement7.3%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: FCRD has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FCRD's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009n/aChris Flynninvestor.feacbdc.com

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.

First Eagle Alternative Capital BDC, Inc. Fundamentals Summary

How do First Eagle Alternative Capital BDC's earnings and revenue compare to its market cap?
FCRD fundamental statistics
Market capUS$135.85m
Earnings (TTM)-US$39.51m
Revenue (TTM)US$33.30m
4.1x
P/S Ratio
-3.4x
P/E Ratio

Is FCRD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FCRD income statement (TTM)
RevenueUS$33.30m
Cost of RevenueUS$0
Gross ProfitUS$33.30m
Other ExpensesUS$72.81m
Earnings-US$39.51m

Last Reported Earnings

Dec 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.32
Gross Margin100.00%
Net Profit Margin-118.67%
Debt/Equity Ratio153.4%

How did FCRD perform over the long term?

See historical performance and comparison

Dividends

6.2%
Current Dividend Yield
-32%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/03/12 12:39
End of Day Share Price 2023/03/09 00:00
Earnings2022/12/31
Annual Earnings2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Eagle Alternative Capital BDC, Inc. is covered by 14 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Derek HewettBofA Global Research
Mitchel PennBrean Capital Historical (Janney Montgomery)
Donald FandettiCitigroup Inc