Capitala Finance Corp. (CPTA) Reaches New 12-Month High at $15.58
Capitala Finance Corp. (NASDAQ:CPTA) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $15.58 and last traded at $15.34, with a volume of 89,866 shares changing hands. The stock had previously closed at $15.23.
Several research analysts recently weighed in on the company. Janney Montgomery Scott reiterated a “hold” rating on shares of Capitala Finance Corp. in a research report on Wednesday, April 27th. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. FBR & Co lowered Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $14.00 price objective for the company. in a research report on Wednesday, May 11th. Deutsche Bank AG increased their price objective on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research report on Friday. Finally, Wunderlich lowered their price objective 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. 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 company has a 50-day moving average price of $14.54 and a 200-day moving average price of $13.03.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings data 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. Equities analysts forecast that Capitala Finance Corp. will post $1.87 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which was paid on Friday, July 29th. Investors of record on Friday, July 22nd were given a dividend of $0.1567 per share. The ex-dividend date was Wednesday, July 20th. This represents a $1.88 annualized dividend and a dividend yield of 12.35%.
An institutional investor recently raised its position in Capitala Finance Corp. stock. KEMPER Corp boosted its stake in Capitala Finance Corp. (NASDAQ:CPTA) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 226,247 shares of the investment management company’s stock after buying an additional 10,771 shares during the period. Capitala Finance Corp. comprises about 1.3% of KEMPER Corp’s holdings, making the stock its 11th largest position. KEMPER Corp’s holdings in Capitala Finance Corp. were worth $2,733,000 as of its most recent SEC filing.
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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