Muzinich & Co. Inc. reduced its stake in shares of Capitala Finance Corp. (NASDAQ:CPTA) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 125,932 shares of the investment management company’s stock after selling 1,361 shares during the period. Capitala Finance Corp. makes up about 0.8% of Muzinich & Co. Inc.’s portfolio, making the stock its 24th largest position. Muzinich & Co. Inc.’s holdings in Capitala Finance Corp. were worth $1,763,000 as of its most recent filing with the SEC.
Separately, BlackRock Group LTD raised its position in 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. 22.84% of the stock is owned by institutional investors.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded down 0.15% during midday trading on Thursday, hitting $13.00. The stock had a trading volume of 85,980 shares. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80. The firm has a 50-day moving average price of $14.72 and a 200-day moving average price of $13.86.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 anticipate that Capitala Finance Corp. will post $1.84 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, December 21st will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is currently 1,709.09%.
Several research firms recently commented on CPTA. Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Zacks Investment Research lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. TheStreet upgraded Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank AG upped their target price 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. Finally, FBR & Co set a $15.00 target price on Capitala Finance Corp. and gave the company a “hold” rating in a research note on Friday, September 23rd. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.13.
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.
Want to see what other hedge funds are holding CPTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capitala Finance Corp. (NASDAQ:CPTA).
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.