Capitala Finance Corp. (CPTA) Trading Down 1.7%
Capitala Finance Corp. (NASDAQ:CPTA)’s share price was down 1.7% on Wednesday . The company traded as low as $14.61 and last traded at $14.62, with a volume of 77,955 shares changing hands. The stock had previously closed at $14.88.
A number of equities analysts recently weighed in on CPTA shares. Wunderlich lowered their price objective on shares of Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, May 13th. FBR & Co lowered shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 price objective on the stock. in a research report on Wednesday, May 11th. Zacks Investment Research upgraded 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 research report on Tuesday, July 12th. Janney Montgomery Scott restated a “hold” rating on shares of Capitala Finance Corp. in a research report on Wednesday, April 27th. Finally, Deutsche Bank AG decreased 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 research report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average 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 quarterly earnings results on Monday, May 9th. The investment management company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. Equities research analysts predict that Capitala Finance Corp. will post $1.76 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 22nd will be paid a dividend of $0.1567 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.81%. 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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