Capitala Finance Corp. (CPTA) Shares Up 1.7%
Shares of Capitala Finance Corp. (NASDAQ:CPTA) shot up 1.7% during trading on Wednesday . The stock traded as high as $15.80 and last traded at $15.74, with a volume of 168,631 shares traded. The stock had previously closed at $15.47.
CPTA has been the subject of several analyst reports. FBR & Co cut Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 target price for the company. in a report on Wednesday, May 11th. Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the company a “buy” rating in a report on Thursday, August 11th. Zacks Investment Research cut Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Janney Montgomery Scott restated a “hold” rating on shares of Capitala Finance Corp. in a report on Wednesday, April 27th. Finally, Wunderlich dropped their target price on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating for the company in a report on Friday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $16.23.
The stock has a 50-day moving average of $14.69 and a 200-day moving average of $13.10.
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 (EPS) for the quarter, hitting the consensus estimate of $0.47. Equities analysts expect that Capitala Finance Corp. will post $1.87 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were issued a dividend of $0.1567 per share. The ex-dividend date of this dividend was Wednesday, July 20th. This represents a $1.88 annualized dividend and a yield of 12.30%.
A hedge fund recently raised its stake in Capitala Finance Corp. stock. KEMPER Corp increased its position in Capitala Finance Corp. (NASDAQ:CPTA) by 5.0% during the fourth quarter, according to its most recent disclosure with the 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 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 as of its most recent filing with the SEC.
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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