Shares of Capitala Finance Corp (NASDAQ:CPTA) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $13.33.
CPTA has been the subject of a number of recent research reports. ValuEngine raised shares of Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of Capitala Finance from a “strong sell” rating to a “hold” rating in a 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 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 report on Friday, November 10th.
Capitala Finance (NASDAQ:CPTA) traded up $0.06 during midday trading on Wednesday, reaching $7.54. 108,900 shares of the company’s stock were exchanged, compared to its average volume of 158,678. The company has a quick ratio of 21.58, a current ratio of 21.58 and a debt-to-equity ratio of 1.29. The company has a market cap of $120.16, a P/E ratio of 68.55 and a beta of 0.97. Capitala Finance has a 52-week low of $7.12 and a 52-week high of $14.65.
Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.28. The firm had revenue of $12.31 million during the quarter, compared to the consensus estimate of $12.42 million. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. research analysts forecast that Capitala Finance will post 0.98 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.26%. The ex-dividend date of this dividend is Friday, February 16th. Capitala Finance’s dividend payout ratio (DPR) is presently 909.09%.
In other news, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of $7.62 per share, with a total value of $76,200.00. Following the acquisition, the director now owns 120,000 shares in the company, valued at approximately $914,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph B. Alala III purchased 89,000 shares of the business’s stock in a transaction dated 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 acquisition, the insider now owns 9,611 shares in the company, valued at approximately $74,677.47. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 119,520 shares of company stock valued at $922,892. 8.40% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CPTA. Russell Investments Group Ltd. bought a new position in Capitala Finance in the 2nd quarter valued at approximately $149,000. GSA Capital Partners LLP bought a new position in Capitala Finance in the 2nd quarter valued at approximately $150,000. JPMorgan Chase & Co. lifted its stake in Capitala Finance by 396.2% in 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 last quarter. Dynamic Technology Lab Private Ltd bought a new position in Capitala Finance in the 2nd quarter valued at approximately $454,000. Finally, Carroll Financial Associates Inc. lifted its stake in Capitala Finance by 28.9% in the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock valued at $941,000 after purchasing an additional 23,133 shares during the last quarter. 19.30% of the stock is owned by institutional investors and hedge funds.
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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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