Capitala Finance Corp. (CPTA) Given Consensus Recommendation of “Hold” by Brokerages
Capitala Finance Corp. (NASDAQ:CPTA) has received an average rating of “Hold” from the twelve research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.54.
Several research analysts recently weighed in on CPTA shares. Wunderlich raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $14.50 to $15.50 in a research note on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Capitala Finance Corp. in a research note on Wednesday, April 19th. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research note on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Capitala Finance Corp. in a research note on Friday, April 28th. Finally, Zacks Investment Research raised shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.
Capitala Finance Corp. (CPTA) traded down 0.11% during midday trading on Friday, reaching $8.98. 341,094 shares of the company traded hands. The company’s 50-day moving average price is $12.75 and its 200 day moving average price is $13.66. Capitala Finance Corp. has a 12 month low of $8.82 and a 12 month high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.33. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. The firm had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million. Equities research analysts anticipate that Capitala Finance Corp. will post $1.36 EPS for the current year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 17.37%. The ex-dividend date is Monday, August 21st. Capitala Finance Corp.’s dividend payout ratio is currently 458.82%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilbanks Smith & Thomas Asset Management LLC bought a new position in Capitala Finance Corp. during the first quarter worth approximately $5,260,000. Muzinich & Co. Inc. increased its position in Capitala Finance Corp. by 70.6% in the first quarter. Muzinich & Co. Inc. now owns 542,130 shares of the investment management company’s stock worth $7,785,000 after buying an additional 224,330 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Capitala Finance Corp. by 74.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,592 shares of the investment management company’s stock worth $5,235,000 after buying an additional 155,815 shares in the last quarter. UBS Group AG increased its position in Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after buying an additional 56,890 shares in the last quarter. Finally, BB&T Securities LLC increased its position in Capitala Finance Corp. by 21.4% in the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after buying an additional 29,274 shares in the last quarter. 28.58% of the stock is owned by institutional investors.
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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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