According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “
Several other research firms have also recently issued reports on CPTA. FBR & Co increased their price objective on Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a mkt perform rating in a research report on Wednesday, August 10th. Barclays PLC set a $15.00 price objective on Capitala Finance Corp. and gave the stock a buy rating in a research report on Thursday, August 11th. Deutsche Bank AG increased their price objective on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a buy rating in a research report on Friday, August 12th. JMP Securities cut Capitala Finance Corp. from an outperform rating to a market perform rating in a research report on Friday, September 23rd. Finally, Wunderlich cut Capitala Finance Corp. from a buy rating to a hold rating and cut their price objective for the stock from $15.50 to $14.50 in a research report on Friday, September 23rd. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $16.13.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.11 on Friday. Capitala Finance Corp. has a 12-month low of $9.54 and a 12-month high of $15.80. The stock’s 50 day moving average price is $14.77 and its 200 day moving average price is $13.87.
Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. Capitala Finance Corp. had a return on equity of 11.23% and a net margin of 3.04%. On average, equities analysts expect that Capitala Finance Corp. will post $1.84 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.90%. The ex-dividend date of this dividend is Monday, December 19th. Capitala Finance Corp.’s payout ratio is currently 1,709.09%.
Hedge funds have recently bought and sold shares of the stock. Nuveen Fund Advisors LLC bought a new stake in Capitala Finance Corp. during the second quarter worth approximately $1,019,000. BlackRock Group LTD increased its position in Capitala Finance Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 84,564 shares of the investment management company’s stock valued at $1,184,000 after buying an additional 10,753 shares during the period. Finally, Advisors Asset Management Inc. increased its position 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 valued at $11,082,000 after buying an additional 88,295 shares during the period. 22.84% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Capitala Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.