Capitala Finance Corp. (CPTA) Sets New 12-Month High at $15.58
Capitala Finance Corp. (NASDAQ:CPTA) shares reached a new 52-week high on Tuesday . The company traded as high as $15.58 and last traded at $15.34, with a volume of 89,866 shares trading hands. The stock had previously closed at $15.23.
A number of research analysts recently weighed in on the company. Deutsche Bank AG raised their price objective on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research report on Friday, August 12th. Barclays PLC set a $15.00 price objective on Capitala Finance Corp. and gave the company a “buy” rating in a research report on Thursday, August 11th. FBR & Co raised their price objective 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 reduced their price objective 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 investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Capitala Finance Corp. currently has an average rating of “Hold” and an average target price of $16.23.
The stock has a 50-day moving average price of $14.65 and a 200-day moving average price of $13.08.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Equities analysts predict that Capitala Finance Corp. will post $1.87 earnings per share for the current year.
The company also recently declared a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were issued a $0.1567 dividend. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.05%.
An institutional investor recently raised its position in Capitala Finance Corp. stock. KEMPER Corp boosted its position in shares of 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. comprises 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 as of its most recent SEC filing.
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.