Capitala Finance (NASDAQ:CPTA) will post its quarterly earnings results after the market closes on Tuesday, February 27th. Analysts expect Capitala Finance to post earnings of $0.27 per share for the quarter.
Shares of Capitala Finance (NASDAQ:CPTA) opened at $7.39 on Tuesday. Capitala Finance has a fifty-two week low of $7.12 and a fifty-two week 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. The company has a market capitalization of $117.77, a price-to-earnings ratio of 67.18 and a beta of 1.01.
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 paid a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 13.53%. The ex-dividend date of this dividend is Friday, February 16th. Capitala Finance’s dividend payout ratio (DPR) is presently 909.09%.
Several research analysts have recently issued reports on the company. ValuEngine downgraded Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $9.50 price target on shares of Capitala Finance in a research note on Friday, November 10th. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 2nd. Finally, Jefferies Group downgraded Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Capitala Finance has a consensus rating of “Hold” and an average target price of $13.50.
In other news, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was acquired at an average price of $7.50 per share, with a total value of $75,000.00. Following the purchase, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $975,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 20,520 shares of company stock valued at $155,162 in the last ninety days. Corporate insiders own 8.40% 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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