Capitala Finance Corp. (NASDAQ:CPTA) was upgraded by equities researchers at Ladenburg Thalmann from a “neutral” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $14.75 target price on the investment management company’s stock. Ladenburg Thalmann’s price target points to a potential upside of 13.64% from the stock’s previous close.
CPTA has been the topic of a number of other reports. Wunderlich lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.50 to $14.50 in a research report on Friday, September 23rd. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. FBR & Co set a $15.00 target price on Capitala Finance Corp. and gave the stock a “hold” rating in a research report on Friday, September 23rd. TheStreet raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Finally, Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Thursday, August 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Capitala Finance Corp. currently has a consensus rating of “Hold” and a consensus price target of $16.01.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.98 on Thursday. The firm’s 50-day moving average price is $14.44 and its 200 day moving average price is $13.92. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. Capitala Finance Corp. had a return on equity of 11.23% and a net margin of 3.04%. Equities analysts predict that Capitala Finance Corp. will post $1.84 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 12.02%. Capitala Finance Corp.’s payout ratio is currently 1,709.09%.
Institutional investors have recently modified their holdings of the stock. Nuveen Fund Advisors LLC bought a new position in shares of Capitala Finance Corp. during the second quarter worth approximately $1,019,000. BlackRock Group LTD increased its position 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 valued at $1,184,000 after buying an additional 10,753 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position 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 valued at $11,082,000 after buying an additional 88,295 shares in the last quarter. Institutional investors own 22.84% of the company’s stock.
Capitala Finance Corp. Company Profile
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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