Capitala Finance Corp. (NASDAQ:CPTA) was downgraded by stock analysts at JMP Securities from an “outperform” rating to a “market perform” rating in a research note issued on Friday.
Several other analysts have also issued reports on CPTA. Zacks Investment Research raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, July 12th. FBR & Co raised their price objective on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 10th. Barclays PLC set a $15.00 price objective on Capitala Finance Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Deutsche Bank AG raised their price objective on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Capitala Finance Corp. presently has an average rating of “Hold” and an average price target of $16.13.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.11 on Friday. Capitala Finance Corp. has a 52 week low of $9.54 and a 52 week high of $15.80. The stock has a 50 day moving average of $14.81 and a 200 day moving average of $13.86.
Capitala Finance Corp. (NASDAQ:CPTA) last released its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Capitala Finance Corp. had a return on equity of 11.23% and a net margin of 3.04%. Equities research analysts forecast that Capitala Finance Corp. will post $1.85 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Stockholders 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 is Monday, December 19th. Capitala Finance Corp.’s payout ratio is 1,709.09%.
Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its stake in shares of 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 during the last quarter. BlackRock Group LTD raised its stake in shares of 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 worth $1,184,000 after buying an additional 10,753 shares during the last quarter. Finally, Nuveen Fund Advisors LLC purchased a new stake in shares of Capitala Finance Corp. during the second quarter worth approximately $1,019,000. 22.84% of the stock is currently owned by hedge funds and other institutional investors.
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.
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.