Capitala Finance Corp. (CPTA) Trading 1.7% Higher
Capitala Finance Corp. (NASDAQ:CPTA) traded up 1.7% during mid-day trading on Wednesday . The company traded as high as $15.80 and last traded at $15.74, with a volume of 168,631 shares. The stock had previously closed at $15.47.
A number of equities research analysts recently issued reports on the company. Deutsche Bank AG raised their price target on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research note on Friday, August 12th. Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the company a “buy” rating in a research report on Thursday, August 11th. FBR & Co lifted their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research report on Wednesday, August 10th. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, August 5th. Finally, Wunderlich decreased their target price on 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Capitala Finance Corp. presently has a consensus rating of “Hold” and a consensus target price of $16.23.
The company has a 50-day moving average of $14.59 and a 200-day moving average of $13.06.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. On average, analysts anticipate that Capitala Finance Corp. will post $1.87 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were given a $0.1567 dividend. The ex-dividend date was Wednesday, July 20th. This represents a $1.88 annualized dividend and a yield of 12.05%.
A hedge fund recently raised its stake in Capitala Finance Corp. stock. KEMPER Corp raised its stake in Capitala Finance Corp. (NASDAQ:CPTA) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,247 shares of the investment management company’s stock after buying an additional 10,771 shares during the period. Capitala Finance Corp. makes up about 1.3% of KEMPER Corp’s investment portfolio, making the stock its 11th largest position. KEMPER Corp’s holdings in Capitala Finance Corp. were worth $2,733,000 at the end of the most recent quarter.
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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