Capitala Finance Corp. (CPTA) Shares Down 1.9%
Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded down 1.9% during trading on Thursday . The company traded as low as $15.14 and last traded at $15.30, with a volume of 86,687 shares changing hands. The stock had previously closed at $15.60.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, August 5th. Deutsche Bank AG upped their price target on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research report on Friday, August 12th. FBR & Co cut shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 price target on the stock. in a research report on Wednesday, May 11th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of Capitala Finance Corp. in a research report on Wednesday, April 27th. Finally, Barclays PLC set a $15.00 price target on shares of Capitala Finance Corp. and gave the company a “buy” rating in a research report on Thursday, August 11th. Two investment 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. The stock has a consensus rating of “Hold” and an average target price of $16.23.
The firm has a 50 day moving average price of $14.72 and a 200-day moving average price of $13.13.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Tuesday, August 9th. The investment management company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Equities research analysts anticipate that Capitala Finance Corp. will post $1.87 earnings per share for the current year.
The firm also recently announced a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were given a $0.1567 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 12.40%. 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 raised its position in Capitala Finance Corp. (NASDAQ:CPTA) by 5.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 226,247 shares of the investment management company’s stock after buying an additional 10,771 shares during the period. Capitala Finance Corp. accounts for about 1.3% of KEMPER Corp’s holdings, 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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