Capitala Finance Corp. (CPTA) Shares Down 2.5%
Capitala Finance Corp. (NASDAQ:CPTA)’s share price fell 2.5% during mid-day trading on Wednesday . The stock traded as low as $14.70 and last traded at $14.71, with a volume of 116,098 shares trading hands. The stock had previously closed at $15.08.
Several research firms recently issued reports on CPTA. Zacks Investment Research cut Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. 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. Deutsche Bank AG upped 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. FBR & Co increased their price target on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a report on Wednesday, August 10th. Finally, Wunderlich lowered their price target on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Friday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $16.23.
The company has a 50-day moving average price of $14.80 and a 200 day moving average price of $13.25.
Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly 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, analysts predict that Capitala Finance Corp. will post $1.87 earnings per share for the current fiscal year.
The company also recently declared a monthly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were issued a $0.1567 dividend. This represents a $1.88 annualized dividend and a yield of 12.62%. 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.
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.