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 Management

Management criteria checks 2/4

First Eagle Alternative Capital BDC's CEO is Chris Flynn, appointed in Jul 2014, has a tenure of 8.67 years. directly owns 0.56% of the company’s shares, worth $755.81K. The average tenure of the management team and the board of directors is 6.1 years and 7.9 years respectively.

Key information

Chris Flynn

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure8.7yrs
CEO ownership0.6%
Management average tenure6.1yrs
Board average tenure7.9yrs

Recent management updates

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.

CEO

Chris Flynn (49 yo)

8.7yrs
Tenure

Mr. Christopher John Flynn, also known as Chris, serves as the President at First Eagle Private Credit, LLC. He also serves as Chief Executive Officer at First Eagle Alternative Capital BDC, Inc. (formerly...

Leadership Team

NamePositionTenureCompensationOwnership
Christopher Flynn
CEO & Director8.7yrsno data0.56%
$ 755.8k
Jennifer Wilson
Chief Accounting Officer & Treasurer3.2yrsno datano data
Lauren Vieira
IR contact6.2yrsno datano data
Sabrina Rusnak-Carlson
General Counselless than a yearno data0.044%
$ 59.4k
Howard Wu
Co-Head of Direct Lending and Directorno datano datano data
James Fellows
Chief Investment Officer6.1yrsno datano data
6.1yrs
Average Tenure
46yo
Average Age

Experienced Management: FCRD's management team is seasoned and experienced (6.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Christopher Flynn
CEO & Director8yrsno data0.56%
$ 755.8k
Nancy Hawthorne
Independent Chairperson of Board of Directors14.2yrsUS$160.50k0.050%
$ 67.5k
Deborah McAneny
Independent Director7.8yrsUS$140.50k0.032%
$ 43.1k
Edmund Giambastiani
Independent Director6.3yrsUS$123.00k0.0064%
$ 8.7k
James Kern
Independent Director8.3yrsUS$127.00k0.013%
$ 18.2k
Jane Nelson
Independent Director4.9yrsUS$129.50k0.012%
$ 16.6k
7.9yrs
Average Tenure
63yo
Average Age

Experienced Board: FCRD's board of directors are considered experienced (7.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/03/12 05:44
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

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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