Capitala Finance Corp. (NASDAQ:CPTA)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a report released on Friday. They presently have a $9.50 target price on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 23.86% from the company’s previous close.

CPTA has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and issued a $14.00 price target on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Finally, ValuEngine downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

Capitala Finance Corp. (NASDAQ:CPTA) traded down $0.26 on Friday, reaching $7.67. 251,800 shares of the company’s stock were exchanged, compared to its average volume of 157,385. Capitala Finance Corp. has a 52-week low of $7.63 and a 52-week high of $14.65. The company has a quick ratio of 2.38, a current ratio of 21.58 and a debt-to-equity ratio of 1.29. The company has a market cap of $122.24, a price-to-earnings ratio of 6.73 and a beta of 1.07.

Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 7.49%. The firm had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.42 million. research analysts expect that Capitala Finance Corp. will post 0.95 EPS for the current fiscal year.

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In related news, Director Markham Hunt Broyhill bought 5,098 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $11.00 per share, for a total transaction of $56,078.00. Following the transaction, the director now directly owns 81,038 shares of the company’s stock, valued at $891,418. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.40% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC lifted its position in shares of Capitala Finance Corp. by 21.4% during the 2nd quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock valued at $2,164,000 after acquiring an additional 29,274 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Capitala Finance Corp. by 160.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock valued at $496,000 after acquiring an additional 21,265 shares during the period. Carroll Financial Associates Inc. lifted its position in shares of Capitala Finance Corp. by 28.9% during the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock valued at $941,000 after acquiring an additional 23,133 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Capitala Finance Corp. by 396.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock valued at $320,000 after acquiring an additional 19,650 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Capitala Finance Corp. during the 2nd quarter valued at $454,000. Institutional investors own 26.54% of the company’s stock.

Capitala Finance Corp. Company Profile

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.

Analyst Recommendations for Capitala Finance Corp. (NASDAQ:CPTA)

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