FBR & Co set a $15.00 target price on Capitala Finance Corp. (NASDAQ:CPTA) in a research report report published on Friday morning. The brokerage currently has a a hold rating on the investment management company’s stock.
Other equities research analysts have also issued research reports about the company. JMP Securities lowered Capitala Finance Corp. from an outperform rating to a market perform rating in a research note on Friday, September 23rd. Zacks Investment Research raised Capitala Finance Corp. from a hold rating to a buy rating and set a $16.00 price target on the stock in a research note on Tuesday, July 12th. Deutsche Bank AG boosted their price target on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a buy rating in a research note on Friday, August 12th. Barclays PLC set a $15.00 price target on Capitala Finance Corp. and gave the stock a buy rating in a research note on Thursday, August 11th. Finally, Wunderlich lowered Capitala Finance Corp. from a buy rating to a hold rating and reduced their target price for the company from $15.50 to $14.50 in a research note on Friday, September 23rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $16.13.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.11 on Friday. The stock’s 50 day moving average price is $14.77 and its 200 day moving average price is $13.87. Capitala Finance Corp. has a 52-week low of $9.54 and a 52-week high of $15.80.
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 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%. Analysts anticipate that Capitala Finance Corp. will post $1.84 earnings per share for the current year.
The company also recently declared 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 annualized dividend and a dividend yield of 11.90%. Capitala Finance Corp.’s payout ratio is currently 1,709.09%.
Several large investors have recently made changes to their positions in CPTA. BlackRock Group LTD raised its stake 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 valued at $886,000 after buying an additional 1,719 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new stake in shares of Capitala Finance Corp. during the second quarter valued at approximately $1,019,000. Finally, 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 valued at $11,082,000 after buying an additional 88,295 shares during 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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