Capitala Finance Corp. (CPTA) To Go Ex-Dividend on September 19th
Capitala Finance Corp. (NASDAQ:CPTA) announced a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Wednesday, September 20th will be given a dividend of 0.13 per share by the investment management company on Thursday, September 28th. This represents a $1.56 annualized dividend and a dividend yield of 16.77%. The ex-dividend date is Tuesday, September 19th.
Capitala Finance Corp. (CPTA) opened at 9.30 on Thursday. The company has a 50 day moving average price of $10.22 and a 200-day moving average price of $12.87. Capitala Finance Corp. has a 1-year low of $8.67 and a 1-year high of $14.80.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Monday, August 7th. The investment management company reported $0.04 EPS for the quarter, missing the Zacks’ 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 business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. Equities research analysts predict that Capitala Finance Corp. will post $1.27 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the company. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. 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. TheStreet lowered shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. ValuEngine lowered shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods set a $15.00 target price on shares of Capitala Finance Corp. and gave the stock a “hold” rating in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.32.
In other news, Director Markham Hunt Broyhill purchased 5,098 shares of Capitala Finance Corp. stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $11.00 per share, with a total value of $56,078.00. Following the transaction, the director now owns 81,038 shares in the company, valued at $891,418. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Larry W. Carroll purchased 20,000 shares of Capitala Finance Corp. stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $9.15 per share, for a total transaction of $183,000.00. Following the transaction, the director now owns 82,150 shares in the company, valued at approximately $751,672.50. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 30,642 shares of company stock worth $289,029. Corporate insiders own 8.40% of the company’s stock.
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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