Capitala Finance Corp. (CPTA) Sees Strong Trading Volume
Shares of Capitala Finance Corp. (NASDAQ:CPTA) saw an uptick in trading volume on Thursday . 85,419 shares were traded during trading, an increase of 31% from the previous session’s volume of 65,046 shares.The stock last traded at $14.20 and had previously closed at $14.18.
Several brokerages recently issued reports on CPTA. Wunderlich decreased their target price on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Friday, May 13th. Zacks Investment Research downgraded Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. FBR & Co downgraded Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research note on Wednesday, May 11th. Janney Montgomery Scott reissued a “hold” rating on shares of Capitala Finance Corp. in a research note on Wednesday, April 27th. Finally, Deutsche Bank AG decreased their target price on Capitala Finance Corp. from $18.00 to $15.50 and set a “buy” rating on the stock in a research note on Tuesday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $15.92.
The company has a 50-day moving average price of $13.79 and a 200 day moving average price of $12.44. The company’s market capitalization is $225.08 million.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, May 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. On average, equities analysts forecast that Capitala Finance Corp. will post $1.76 earnings per share for the current year.
The firm also recently declared a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.1567 per share. The ex-dividend date is Wednesday, July 20th. This represents a $1.88 dividend on an annualized basis and a yield of 13.21%.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.