Full Circle Capital (NASDAQ: FULL) was downgraded by TheStreet from a “buy” rating to a “hold” rating in a research note issued on Wednesday.
The analysts wrote, “Full Circle Capital Corp BDC (FULL) has been downgraded by TheStreet Ratings from buy to hold. The company’s strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.”
Full Circle Capital opened at 7.60 on Wednesday. Full Circle Capital has a 52-week low of $6.68 and a 52-week high of $8.50. The stock’s 50-day moving average is currently $7.69. The company has a market cap of $57.5 million and a price-to-earnings ratio of 37.25.
The company also recently declared a monthly dividend, which is scheduled for Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.08 per share. This represents a $0.92 dividend on an annualized basis and a yield of 12.16%. The ex-dividend date of this dividend is Friday, April 26th.
Full Circle Capital Corporation (Full Circle Capital) is a non-diversified closed-end management investment company.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
