Capitala Finance Corp. (CPTA) Shares Down 1.7%
Capitala Finance Corp. (NASDAQ:CPTA) shares traded down 1.7% on Wednesday . The stock traded as low as $14.61 and last traded at $14.62, with a volume of 77,955 shares traded. The stock had previously closed at $14.88.
Several research analysts have recently weighed in on the company. Zacks Investment Research raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, July 12th. Janney Montgomery Scott reissued 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 price target for the company. in a research report on Wednesday, May 11th. Finally, Wunderlich reduced their price target on Capitala Finance Corp. from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Friday, May 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.33.
The stock’s 50 day moving average price is $14.08 and its 200-day moving average price is $12.61.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, May 9th. The investment management company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. On average, equities research analysts anticipate that Capitala Finance Corp. will post $1.76 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 22nd will be paid a dividend of $0.1567 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.91%. The ex-dividend date of this dividend is 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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