ValuEngine lowered shares of Capitala Finance Corp. (NASDAQ:CPTA) from a buy rating to a hold rating in a research note released on Friday.
Several other brokerages have also recently weighed in on CPTA. Keefe, Bruyette & Woods set a $15.00 price objective on Capitala Finance Corp. and gave the company a hold rating in a report on Wednesday, May 31st. Zacks Investment Research cut Capitala Finance Corp. from a hold rating to a sell rating in a report on Tuesday, May 9th. TheStreet cut Capitala Finance Corp. from a b- rating to a c+ rating in a report on Tuesday, August 8th. Wunderlich upgraded Capitala Finance Corp. from a hold rating to a buy rating and raised their price objective for the company from $14.50 to $15.50 in a report on Monday, May 15th. Finally, Ladenburg Thalmann Financial Services restated a neutral rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $15.32.
Shares of Capitala Finance Corp. (CPTA) traded up 1.24% on Friday, hitting $8.96. The stock had a trading volume of 39,844 shares. Capitala Finance Corp. has a one year low of $8.67 and a one year high of $15.29. The firm has a 50 day moving average price of $11.00 and a 200 day moving average price of $13.12.
Capitala Finance Corp. (NASDAQ:CPTA) last released its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.33. The firm had revenue of $12.36 million for the quarter, compared to the consensus estimate of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. Analysts forecast that Capitala Finance Corp. will post $1.27 EPS for the current fiscal year.
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The business also recently disclosed a monthly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 23rd were issued a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 17.63%. The ex-dividend date was Monday, August 21st. Capitala Finance Corp.’s payout ratio is 458.82%.
In other news, insider John F. Mcglinn bought 4,444 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average cost of $9.00 per share, for a total transaction of $39,996.00. Following the purchase, the insider now owns 112,485 shares of the company’s stock, valued at approximately $1,012,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry W. Carroll bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $9.15 per share, with a total value of $183,000.00. Following the completion of the purchase, the director now directly owns 82,150 shares in the company, valued at approximately $751,672.50. The disclosure for this purchase can be found here. Insiders purchased a total of 30,642 shares of company stock valued at $289,029 over the last quarter. 8.40% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Capitala Finance Corp. in the 2nd quarter valued at about $454,000. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Capitala Finance Corp. by 2.2% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 374,320 shares of the investment management company’s stock valued at $4,870,000 after purchasing an additional 8,033 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Capitala Finance Corp. in the 2nd quarter valued at about $150,000. Stephens Inc. AR lifted its stake in Capitala Finance Corp. by 2.1% in the 2nd quarter. Stephens Inc. AR now owns 114,352 shares of the investment management company’s stock valued at $1,488,000 after purchasing an additional 2,363 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Capitala Finance Corp. by 396.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 19,650 shares during the last quarter. Institutional investors and hedge funds own 28.24% 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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