An activist investor group that includes Stilwell Value LLC has disclosed a 7.2% beneficial ownership stake in Alcentra Capital Corp., saying the investment company's share price is undervalued and it "hopes to work with" the company to boost it.

The group, which also includes Stilwell Value Partners VII LP, Stilwell Activist Fund LP and Stilwell Activist Investments LP, paid roughly $8.4 million to acquire 1,022,249 common shares of Alcentra Capital. Joseph Stilwell is the managing member and owner of Stilwell Value LLC.