Capitala Finance Corp. (CPTA) Sees Strong Trading Volume
Shares of Capitala Finance Corp. (NASDAQ:CPTA) saw unusually-high trading volume on Monday . Approximately 67,031 shares were traded during mid-day 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.
CPTA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, July 12th. Wunderlich dropped their target price on shares of Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, May 13th. Deutsche Bank AG dropped their target price on shares of Capitala Finance Corp. from $18.00 to $15.50 and set a “buy” rating on the stock in a report on Tuesday, March 22nd. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Capitala Finance Corp. in a report on Wednesday, April 27th. Finally, FBR & Co cut shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.33.
The company has a 50-day moving average of $14.02 and a 200 day moving average of $12.58.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Monday, May 9th. The investment management company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Equities research analysts expect that Capitala Finance Corp. will post $1.76 earnings per share for the current fiscal year.
The firm 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 annualized dividend and a dividend yield of 12.64%. 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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