Capitala Finance (NASDAQ:CPTA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Friday, November 17th.
According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “
CPTA has been the subject of several other research reports. Jefferies Group reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance in a research note on Friday, September 22nd. TheStreet downgraded Capitala Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.50 price objective on shares of Capitala Finance in a research note on Friday, November 10th. ValuEngine downgraded Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance in a research note on Thursday, August 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $13.50.
Capitala Finance (NASDAQ CPTA) traded up $0.18 during mid-day trading on Friday, hitting $7.77. 77,018 shares of the stock were exchanged, compared to its average volume of 117,861. The company has a market capitalization of $123.83, a PE ratio of 6.66 and a beta of 0.97. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. Capitala Finance has a 52-week low of $7.40 and a 52-week high of $14.65.
Capitala Finance (NASDAQ:CPTA) last posted its earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.42 million. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. sell-side analysts forecast that Capitala Finance will post 0.98 EPS for the current fiscal year.
In other news, Director Larry W. Carroll bought 10,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was acquired at an average price of $7.62 per share, with a total value of $76,200.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $914,400. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Joseph B. Alala III bought 89,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $7.77 per share, with a total value of $691,530.00. Following the transaction, the insider now directly owns 9,611 shares in the company, valued at approximately $74,677.47. The disclosure for this purchase can be found here. Insiders bought 109,720 shares of company stock valued at $849,714 in the last ninety days. 8.40% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new stake in shares of Capitala Finance during the 2nd quarter worth approximately $149,000. GSA Capital Partners LLP acquired a new stake in shares of Capitala Finance during the 2nd quarter worth approximately $150,000. JPMorgan Chase & Co. grew its position in shares of Capitala Finance by 396.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after buying an additional 19,650 shares during the period. Eagle Global Advisors LLC grew its position in shares of Capitala Finance by 12.7% during the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after buying an additional 3,400 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capitala Finance during the 2nd quarter worth approximately $454,000. 19.30% of the stock is owned by institutional investors and hedge funds.
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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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