Capitala Finance Corp. (CPTA) Receiving Somewhat Favorable Media Coverage, Study Finds

Media stories about Capitala Finance Corp. (NASDAQ:CPTA) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Capitala Finance Corp. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 46.2792936993556 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Several research firms have recently commented on CPTA. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Zacks Investment Research raised Capitala Finance Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.50.

Shares of Capitala Finance Corp. (CPTA) opened at $7.47 on Tuesday. The stock has a market capitalization of $121.28, a P/E ratio of 6.68 and a beta of 1.02. Capitala Finance Corp. has a 12-month low of $7.43 and a 12-month high of $14.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 21.58 and a current ratio of 21.58.

Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.28. The business had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.42 million. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. analysts forecast that Capitala Finance Corp. will post 0.98 EPS for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.38%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance Corp.’s dividend payout ratio is currently 909.09%.

In other Capitala Finance Corp. news, Director Larry W. Carroll bought 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the purchase, the director now directly owns 110,000 shares of the company’s stock, valued at $838,200. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Joseph B. Alala III bought 89,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $7.77 per share, with a total value of $691,530.00. Following the completion of the purchase, the insider now directly owns 9,611 shares of the company’s stock, valued at $74,677.47. The disclosure for this purchase can be found here. Insiders have purchased 99,200 shares of company stock worth $769,552 in the last three months. 8.40% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Capitala Finance Corp. (NASDAQ:CPTA)

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