Capitala Finance Corp. (CPTA) Sees Large Volume Increase
Capitala Finance Corp. (NASDAQ:CPTA) shares saw an uptick in trading volume on Thursday . 85,419 shares traded hands during trading, an increase of 31% from the previous session’s volume of 65,046 shares.The stock last traded at $14.20 and had previously closed at $14.18.
A number of research firms have recently commented on CPTA. Janney Montgomery Scott restated a “hold” rating on shares of Capitala Finance Corp. in a research report on Wednesday, April 27th. FBR & Co cut Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research report on Wednesday, May 11th. Zacks Investment Research cut Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Wunderlich dropped their target price on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating on the stock in a research report on Friday, May 13th. Finally, Deutsche Bank AG dropped their target price on Capitala Finance Corp. from $18.00 to $15.50 and set a “buy” rating on the stock in a research report on Tuesday, March 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.92.
The firm’s market cap is $227.61 million. The firm has a 50-day moving average price of $13.83 and a 200-day moving average price of $12.46.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, May 9th. The investment management company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. On average, equities research analysts predict that Capitala Finance Corp. will post $1.76 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 22nd will be given a dividend of $0.1567 per share. The ex-dividend date of this dividend is Wednesday, July 20th. This represents a $1.88 annualized dividend and a yield of 13.06%.
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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