FBR & Co Analysts Give Capitala Finance Corp. (CPTA) a $15.00 Price Target
Capitala Finance Corp. (NASDAQ:CPTA) received a $15.00 target price from investment analysts at FBR & Co in a research report issued to clients and investors on Friday. The brokerage currently has a a “hold” rating on the investment management company’s stock. FBR & Co’s price objective indicates a potential upside of 13.72% from the company’s current price.
A number of other equities analysts also recently weighed in on CPTA. Zacks Investment Research raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, July 12th. Barclays PLC set a $15.00 price target on shares of Capitala Finance Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG lifted 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 note on Friday, August 12th. JMP Securities downgraded shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Wunderlich downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.50 to $14.50 in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.13.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.19 on Friday. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $13.81.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 11.23%. On average, equities research analysts forecast that Capitala Finance Corp. will post $1.85 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be issued a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 11.83%. The ex-dividend date of this dividend is Monday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 1,709.09%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nuveen Fund Advisors LLC purchased a new position in Capitala Finance Corp. during the second quarter valued at $1,019,000. BlackRock Group LTD boosted its position in Capitala Finance Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 84,564 shares of the investment management company’s stock valued at $1,184,000 after buying an additional 10,753 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Capitala Finance Corp. by 12.6% in the second quarter. Advisors Asset Management Inc. now owns 791,589 shares of the investment management company’s stock valued at $11,082,000 after buying an additional 88,295 shares during the period. Institutional investors and hedge funds own 22.84% of the company’s stock.
About Capitala Finance Corp.
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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