Capitala Finance Corp. (CPTA) Sees Strong Trading Volume
Capitala Finance Corp. (NASDAQ:CPTA) shares saw an uptick in trading volume on Monday . 67,031 shares were traded during trading, an increase of 7% from the previous session’s volume of 62,377 shares.The stock last traded at $14.75 and had previously closed at $14.54.
A number of research firms have recently weighed in on CPTA. Zacks Investment Research upgraded shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, July 12th. Wunderlich dropped their price target on shares of Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Friday, May 13th. FBR & Co downgraded shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 price target for the company. in a research report on Wednesday, May 11th. Janney Montgomery Scott reiterated a “hold” rating on shares of Capitala Finance Corp. in a research report on Wednesday, April 27th. Finally, Deutsche Bank AG dropped their price target on shares of Capitala Finance Corp. from $18.00 to $15.50 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $16.33.
The firm has a 50 day moving average price of $13.99 and a 200-day moving average price of $12.57.
Capitala Finance Corp. (NASDAQ:CPTA) last released its earnings results on Monday, May 9th. The investment management company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. Analysts forecast that Capitala Finance Corp. will post $1.76 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be given a dividend of $0.1567 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.76%. The ex-dividend date of this dividend is Wednesday, July 20th.
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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