Capitala Finance Corp. (CPTA) Shares Down 1.9%
Capitala Finance Corp. (NASDAQ:CPTA) dropped 1.9% during mid-day trading on Thursday . The company traded as low as $15.14 and last traded at $15.30, with a volume of 86,687 shares trading hands. The stock had previously closed at $15.60.
CPTA has been the topic of a number of recent research reports. Zacks Investment Research cut Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. FBR & Co raised their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 10th. Wunderlich cut their target price on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Friday, May 13th. Barclays PLC set a $15.00 price target on Capitala Finance Corp. and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Janney Montgomery Scott reissued a “hold” rating on shares of Capitala Finance Corp. in a report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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 released its quarterly earnings data 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 expect that Capitala Finance Corp. will post $1.87 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were paid a $0.1567 dividend. This represents a $1.88 annualized dividend and a yield of 12.30%. The ex-dividend date of this dividend was Wednesday, July 20th.
An institutional investor recently raised its position in Capitala Finance Corp. stock. KEMPER Corp increased its stake in shares of Capitala Finance Corp. (NASDAQ:CPTA) by 5.0% during the fourth quarter, according to its most recent filing 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 approximately 1.3% of KEMPER Corp’s 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 reporting period.
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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