Capitala Finance Corp. (NASDAQ:CPTA) Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction on Friday, December 1st. The stock was bought at an average cost of $7.62 per share, with a total value of $76,200.00. Following the purchase, the director now owns 120,000 shares in the company, valued at $914,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded up $0.18 on Monday, hitting $7.77. 77,018 shares of the stock were exchanged, compared to its average volume of 117,861. Capitala Finance Corp. has a 1 year low of $7.40 and a 1 year high of $14.65. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. The company has a market cap of $123.83, a price-to-earnings ratio of 6.66 and a beta of 0.97.
Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The company had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.42 million. equities research analysts forecast that Capitala Finance Corp. will post 0.98 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 12.86%. Capitala Finance’s dividend payout ratio is currently 909.09%.
A number of equities analysts have commented on CPTA shares. Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Jefferies Group reissued a “buy” rating and issued a $14.00 price target on shares of Capitala Finance in a research note on Friday, September 22nd. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance in a report on Thursday, August 10th. ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a report on Monday, November 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.50 price objective on shares of Capitala Finance in a report on Friday, November 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Capitala Finance has an average rating of “Hold” and a consensus target price of $13.50.
A number of large investors have recently bought and sold shares of CPTA. Russell Investments Group Ltd. bought a new stake in Capitala Finance during the 2nd quarter valued at $149,000. GSA Capital Partners LLP purchased a new position in Capitala Finance during the 2nd quarter valued at $150,000. JPMorgan Chase & Co. increased its position in Capitala Finance by 396.2% during 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 period. Dynamic Technology Lab Private Ltd purchased a new position in Capitala Finance during the 2nd quarter valued at $454,000. Finally, Acadian Asset Management LLC increased its position in Capitala Finance by 73.1% during the 2nd quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock valued at $483,000 after purchasing an additional 15,716 shares during the period. Institutional investors own 19.30% of the company’s stock.
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Capitala Finance 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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