Shares of Capitala Finance Corp. (NASDAQ:CPTA) have received an average rating of “Hold” from the thirteen analysts that are covering the company. Nine research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $16.03.
Several equities research analysts recently weighed in on CPTA shares. Deutsche Bank AG upped their price objective on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research report on Friday, August 12th. Barclays PLC set a $15.00 price objective on shares of Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, July 12th. TheStreet raised shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research report on Monday. Finally, FBR & Co set a $15.00 price objective on shares of Capitala Finance Corp. and gave the stock a “hold” rating in a research report on Friday, September 23rd.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.00 on Tuesday. The stock’s 50 day moving average is $14.67 and its 200 day moving average is $13.86. Capitala Finance Corp. has a 12 month low of $9.54 and a 12 month high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 11.23%. On average, equities research analysts expect that Capitala Finance Corp. will post $1.84 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be issued a $0.13 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 12.00%. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 1,709.09%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Group LTD raised its position in shares of Capitala Finance Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 73,811 shares of the investment management company’s stock worth $886,000 after buying an additional 1,719 shares during the period. Advisors Asset Management Inc. increased its stake in Capitala Finance Corp. by 12.6% in the second quarter. Advisors Asset Management Inc. now owns 791,589 shares of the investment management company’s stock worth $11,082,000 after buying an additional 88,295 shares in the last quarter. Finally, Nuveen Fund Advisors LLC purchased a new stake in Capitala Finance Corp. during the second quarter worth $1,019,000. Institutional investors and hedge funds own 22.84% of the company’s stock.
About Capitala Finance Corp.
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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