Capitala Finance Corp. (NASDAQ:CPTA) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.33.
A number of research analysts have recently issued reports on CPTA shares. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised Capitala Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, November 17th. Jefferies Group reissued a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance in a research report on Friday, September 22nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $9.50 price objective on shares of Capitala Finance in a research report on Friday, November 10th.
In related news, insider Joseph B. Alala III acquired 89,000 shares of Capitala Finance stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the purchase, the insider now owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Larry W. Carroll acquired 10,000 shares of Capitala Finance stock in a transaction on Friday, December 1st. The shares were bought at an average price of $7.62 per share, with a total value of $76,200.00. Following the purchase, the director now directly owns 120,000 shares in the company, valued at approximately $914,400. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 109,720 shares of company stock valued at $849,714. 8.40% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in CPTA. Russell Investments Group Ltd. purchased a new stake in Capitala Finance during the 2nd quarter worth approximately $149,000. GSA Capital Partners LLP purchased a new stake in Capitala Finance during the 2nd quarter worth approximately $150,000. JPMorgan Chase & Co. increased its stake 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 worth $320,000 after buying an additional 19,650 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Capitala Finance during the 2nd quarter worth approximately $454,000. Finally, Goldman Sachs Group Inc. increased its stake in Capitala Finance by 160.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after buying an additional 21,265 shares in the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.
Capitala Finance (NASDAQ:CPTA) traded down $0.02 on Friday, reaching $7.58. The company’s stock had a trading volume of 86,699 shares, compared to its average volume of 118,244. The stock has a market cap of $120.80, a P/E ratio of 6.71 and a beta of 0.97. Capitala Finance has a one year low of $7.40 and a one year high of $14.65. 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 (NASDAQ:CPTA) last released its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.42 million. Capitala Finance had a return on equity of 7.49% and a net margin of 3.04%. equities analysts anticipate that Capitala Finance 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. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. The ex-dividend date is Tuesday, December 19th. This represents a $1.00 dividend on an annualized basis and a yield of 13.19%. Capitala Finance’s dividend payout ratio is currently 909.09%.
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About Capitala Finance
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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