Capitala Finance Corp (NASDAQ:CPTA)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Wednesday. They currently have a $17.00 target price on the investment management company’s stock. Jefferies Group LLC’s price target points to a potential upside of 20.23% from the company’s current price.
Several other research firms have also commented on CPTA. TheStreet upgraded shares of Capitala Finance Corp from a “c” rating to a “b-” rating in a research report on Friday, April 7th. Zacks Investment Research upgraded shares of Capitala Finance Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, FBR & Co reiterated a “hold” rating and issued a $14.00 price target on shares of Capitala Finance Corp in a research report on Friday, March 10th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Capitala Finance Corp has an average rating of “Hold” and a consensus target price of $15.31.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 14.14 on Wednesday. The stock’s 50 day moving average price is $14.13 and its 200-day moving average price is $13.47. Capitala Finance Corp has a 52-week low of $11.51 and a 52-week high of $15.80. The firm has a market capitalization of $224.51 million, a PE ratio of 24.42 and a beta of 1.08.
Capitala Finance Corp (NASDAQ:CPTA) last released its quarterly earnings results on Tuesday, March 7th. The investment management company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $16.51 million for the quarter, compared to analyst estimates of $15.55 million. Capitala Finance Corp had a negative net margin of 11.51% and a positive return on equity of 11.51%. Equities research analysts anticipate that Capitala Finance Corp will post $1.62 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, April 27th. Investors of record on Wednesday, April 19th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, April 17th. This represents a $1.56 dividend on an annualized basis and a yield of 11.03%. Capitala Finance Corp’s dividend payout ratio (DPR) is currently -305.88%.
Hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC raised its stake in shares of Capitala Finance Corp by 92.0% in the first quarter. Confluence Investment Management LLC now owns 164,137 shares of the investment management company’s stock worth $2,357,000 after buying an additional 78,642 shares during the period. GSA Capital Partners LLP raised its stake in shares of Capitala Finance Corp by 147.7% in the fourth quarter. GSA Capital Partners LLP now owns 32,200 shares of the investment management company’s stock worth $416,000 after buying an additional 19,200 shares during the period. Advisory Research Inc. raised its stake in shares of Capitala Finance Corp by 130.5% in the fourth quarter. Advisory Research Inc. now owns 226,096 shares of the investment management company’s stock worth $2,923,000 after buying an additional 127,998 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Capitala Finance Corp during the fourth quarter worth about $1,131,000. Finally, Armor Investment Advisors LLC purchased a new stake in shares of Capitala Finance Corp during the fourth quarter worth about $398,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.
Capitala Finance Corp Company Profile
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
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