Capitala Finance Corp (NASDAQ:CPTA) announced its quarterly earnings data on Monday. The investment management company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The firm had revenue of $14.82 million for the quarter, compared to analysts’ expectations of $16.23 million. Capitala Finance Corp had a negative net margin of 11.51% and a positive return on equity of 11.51%.
Shares of Capitala Finance Corp (NASDAQ:CPTA) traded down 3.024% during mid-day trading on Friday, hitting $13.596. 137,383 shares of the company traded hands. Capitala Finance Corp has a one year low of $11.51 and a one year high of $15.80. The firm has a 50-day moving average of $14.03 and a 200-day moving average of $13.57.
The business also recently announced a monthly dividend, which was paid on Thursday, April 27th. Investors of record on Wednesday, April 19th were issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 11.13%. The ex-dividend date was Monday, April 17th. Capitala Finance Corp’s payout ratio is -305.88%.
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A number of equities research analysts recently commented on CPTA shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Capitala Finance Corp in a research report on Wednesday, March 8th. FBR & Co reissued a “hold” rating and issued a $14.00 price objective on shares of Capitala Finance Corp in a research report on Friday, March 10th. Wunderlich raised shares of Capitala Finance Corp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.50 to $15.50 in a research report on Monday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price objective on shares of Capitala Finance Corp in a research report on Friday, April 28th. Finally, TheStreet raised shares of Capitala Finance Corp from a “c” rating to a “b-” rating in a research report on Friday, April 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.50.
Several large investors have recently added to or reduced their stakes in CPTA. Goldman Sachs Group Inc. raised its stake in Capitala Finance Corp by 160.3% in the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock valued at $496,000 after buying an additional 21,265 shares during the last quarter. UBS Group AG increased its position in shares of Capitala Finance Corp by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after buying an additional 56,890 shares during the period. Geode Capital Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at $183,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at $5,260,000. Finally, Muzinich & Co. Inc. increased its position in Capitala Finance Corp by 70.6% in the first quarter. Muzinich & Co. Inc. now owns 542,130 shares of the investment management company’s stock valued at $7,785,000 after buying an additional 224,330 shares during the last quarter. 25.78% of the stock is owned by hedge funds and other institutional investors.
About Capitala Finance Corp
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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