Capitala Finance Corp. (CPTA) Stock Price Down 2.5%
Capitala Finance Corp. (NASDAQ:CPTA) dropped 2.5% during trading on Wednesday . The company traded as low as $14.70 and last traded at $14.71, with a volume of 116,098 shares. The stock had previously closed at $15.08.
CPTA has been the topic of a number of research reports. Zacks Investment Research cut shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Wunderlich lowered their target price on shares of Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, May 13th. Barclays PLC set a $15.00 target price on shares of Capitala Finance Corp. and gave the company a “buy” rating in a report on Thursday, August 11th. Deutsche Bank AG boosted their target price on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a report on Friday, August 12th. Finally, FBR & Co boosted their target price on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a report on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $16.23.
The firm has a 50-day moving average of $14.76 and a 200-day moving average of $13.22.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. On average, equities analysts anticipate that Capitala Finance Corp. will post $1.87 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were issued a $0.1567 dividend. This represents a $1.88 annualized dividend and a yield of 12.68%. The ex-dividend date was Wednesday, July 20th.
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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