Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Monday, October 23rd will be paid a dividend of 0.0833 per share by the investment management company on Monday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.73%. The ex-dividend date of this dividend is Friday, October 20th.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 8.52 on Friday. The company has a 50 day moving average price of $9.17 and a 200-day moving average price of $11.77. Capitala Finance Corp. has a one year low of $8.40 and a one year high of $14.65.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.33). The business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. Equities analysts expect that Capitala Finance Corp. will post $1.17 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the company. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 target price on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Finally, ValuEngine downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Capitala Finance Corp. presently has an average rating of “Hold” and a consensus price target of $14.92.
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In other Capitala Finance Corp. news, insider John F. Mcglinn purchased 4,444 shares of the stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $9.00 per share, with a total value of $39,996.00. Following the completion of the acquisition, the insider now owns 112,485 shares in the company, valued at $1,012,365. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Markham Hunt Broyhill purchased 5,098 shares of the stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $11.00 per share, for a total transaction of $56,078.00. Following the completion of the acquisition, the director now owns 81,038 shares of the company’s stock, valued at approximately $891,418. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 30,842 shares of company stock worth $290,851. 8.40% of the stock is owned by insiders.
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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