Capitala Finance Corp (NASDAQ:CPTA) insider Richard Wheelahan sold 2,576 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $9.17, for a total value of $23,621.92. Following the transaction, the insider now owns 12,187 shares in the company, valued at approximately $111,754.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of CPTA traded up $0.08 during midday trading on Friday, hitting $9.30. The company’s stock had a trading volume of 189,104 shares, compared to its average volume of 98,620. Capitala Finance Corp has a one year low of $6.46 and a one year high of $9.36. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $148.40 million, a price-to-earnings ratio of 9.30 and a beta of 1.09.
Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 company had revenue of $12.68 million for the quarter, compared to analyst estimates of $11.59 million. As a group, research analysts forecast that Capitala Finance Corp will post 1 EPS for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Thursday, May 30th. Stockholders of record on Thursday, May 23rd were paid a $0.0833 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $1.00 annualized dividend and a dividend yield of 10.75%. Capitala Finance’s payout ratio is 100.00%.
Several institutional investors and hedge funds have recently modified their holdings of CPTA. PNC Financial Services Group Inc. increased its stake in shares of 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 purchasing an additional 1,400 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new position in shares of Capitala Finance in the 1st quarter valued at $108,000. Acadian Asset Management LLC increased its stake in shares of 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 purchasing an additional 6,278 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Capitala Finance in the 1st quarter valued at $179,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of Capitala Finance in the 4th quarter valued at $204,000. Institutional investors own 16.46% of the company’s stock.
Several equities analysts have recently issued reports on the company. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note 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 on the stock in a research note 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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