Capitala Finance Corp. (CPTA) Sets New 52-Week Low at $8.82
Shares of Capitala Finance Corp. (NASDAQ:CPTA) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $8.82 and last traded at $8.82, with a volume of 174,646 shares. The stock had previously closed at $9.11.
CPTA has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $15.00 target price on shares of Capitala Finance Corp. in a report on Friday, April 28th. FBR & Co lifted their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, May 9th. Zacks Investment Research cut Capitala Finance Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Wunderlich upgraded Capitala Finance Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.50 to $15.50 in a report on Monday, May 15th. Finally, Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Capitala Finance Corp. has an average rating of “Hold” and a consensus target price of $15.32.
The company has a 50-day moving average price of $12.20 and a 200 day moving average price of $13.49.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.33. The business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. On average, analysts predict that Capitala Finance Corp. will post $1.27 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, August 21st. This represents a $1.56 annualized dividend and a yield of 16.88%. Capitala Finance Corp.’s dividend payout ratio (DPR) is 458.82%.
In other Capitala Finance Corp. news, insider John F. Mcglinn bought 4,444 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average price of $9.00 per share, with a total value of $39,996.00. Following the completion of the purchase, the insider now directly owns 112,485 shares in the company, valued at $1,012,365. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry W. Carroll bought 20,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $9.15 per share, with a total value of $183,000.00. Following the purchase, the director now owns 82,150 shares of the company’s stock, valued at $751,672.50. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 30,642 shares of company stock valued at $289,029. 8.40% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its stake 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 valued at $7,785,000 after buying an additional 224,330 shares during the period. UBS Group AG boosted its stake 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 valued at $6,273,000 after buying an additional 56,890 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Capitala Finance Corp. by 2.2% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 374,320 shares of the investment management company’s stock valued at $4,870,000 after buying an additional 8,033 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake 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 valued at $5,235,000 after buying an additional 155,815 shares during the period. Finally, BB&T Securities LLC boosted its stake 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 valued at $2,164,000 after buying an additional 29,274 shares during the period. 28.29% 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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