Franklin Street Advisors Inc. NC purchased a new stake in Capitala Finance Corp (NASDAQ:CPTA) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,513 shares of the investment management company’s stock, valued at approximately $108,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in Capitala Finance by 23.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the investment management company’s stock valued at $54,000 after buying an additional 1,400 shares during the period. Regent Investment Management LLC grew its holdings in Capitala Finance by 3.2% in the 1st quarter. Regent Investment Management LLC now owns 79,816 shares of the investment management company’s stock valued at $635,000 after buying an additional 2,449 shares during the period. Acadian Asset Management LLC grew its holdings in Capitala Finance by 44.2% in the 4th quarter. Acadian Asset Management LLC now owns 20,479 shares of the investment management company’s stock valued at $146,000 after buying an additional 6,278 shares during the period. Virtu Financial LLC purchased a new stake in Capitala Finance in the 1st quarter valued at about $179,000. Finally, Oppenheimer & Co. Inc. grew its holdings in Capitala Finance by 97.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock valued at $370,000 after buying an additional 22,909 shares during the period. Institutional investors own 16.46% of the company’s stock.
Shares of NASDAQ:CPTA opened at $9.30 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.13 and a quick ratio of 1.13. Capitala Finance Corp has a 1 year low of $6.46 and a 1 year high of $9.36. The stock has a market cap of $148.40 million, a PE ratio of 9.71 and a beta of 1.09.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. Capitala Finance had a positive return on equity of 7.86% and a negative net margin of 34.43%. The business had revenue of $12.68 million during the quarter, compared to analysts’ expectations of $11.59 million. As a group, sell-side analysts forecast that Capitala Finance Corp will post 1 EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.75%. The ex-dividend date of this dividend was Wednesday, May 22nd. Capitala Finance’s payout ratio is currently 100.00%.
Several analysts have commented on CPTA shares. ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Tuesday, May 7th.
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Capitala Finance Company Profile
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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