Full Circle Capital (FULL) has been downgraded today by the research analysts at investment firm Ladenburg Thalmann which downgraded FULL from a “buy” rating to “neutral.” Ladenburg Thalmann also lowered their price target for FULL from $10.25 to $8 dollars. FULL is down during intraday trading, however during early trading it was up considerably over last last Friday’s close.
FULL is currently trading above its 50-day moving average and 2011 is currently a down year for the company. Volatility of share volume has increased substantially for shares of FULL since late March.
Full Circle Capital Corporation is an externally managed non-diversified closed-end management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). Their investment objective is to generate both current income and capital appreciation through debt and equity investments. The company has market capitalization of $50,000,000 and 6,219,000 shares outstanding. FULL has a 52-week high of a $9 with the low being $7.73 dollars.