Capitala Finance (NASDAQ:CPTA) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, May 22nd will be given a dividend of 0.0833 per share by the investment management company on Wednesday, May 30th. This represents a $1.00 annualized dividend and a dividend yield of 11.90%. The ex-dividend date is Monday, May 21st. This is an increase from Capitala Finance’s previous monthly dividend of $0.08.
Capitala Finance opened at $8.40 on Wednesday, MarketBeat.com reports. The stock has a market cap of $134.56 million, a PE ratio of 9.79 and a beta of 0.94. Capitala Finance has a 1 year low of $8.32 and a 1 year high of $8.42. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 1.34.
Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The business had revenue of $9.96 million for the quarter, compared to analyst estimates of $12.02 million. Capitala Finance had a positive return on equity of 6.09% and a negative net margin of 24.84%. research analysts forecast that Capitala Finance will post 1.07 earnings per share for the current year.
CPTA has been the subject of several analyst reports. Ladenburg Thalmann raised Capitala Finance from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 8th. ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research cut Capitala Finance from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Four 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 a consensus price target of $10.83.
In other news, Director Larry W. Carroll bought 3,409 shares of Capitala Finance stock in a transaction dated Thursday, March 22nd. The stock was acquired at an average cost of $7.80 per share, with a total value of $26,590.20. Following the acquisition, the director now owns 133,409 shares of the company’s stock, valued at $1,040,590.20. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 9.10% of the stock is currently owned by insiders.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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