Capitala Finance Corp. (CPTA) Given News Impact Score of 0.05
Media stories about Capitala Finance Corp. (NASDAQ:CPTA) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Capitala Finance Corp. earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 46.7224438793608 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Capitala Finance Corp. (CPTA) Insider Buys $691,530.00 in Stock (americanbankingnews.com)
- Insider Buying: Capitala Finance Corp. (CPTA) Director Purchases 10,000 Shares of Stock (americanbankingnews.com)
- Capitala Finance Corp. (CPTA) Receives “Hold” Rating from Keefe, Bruyette & Woods (americanbankingnews.com)
- FY2017 EPS Estimates for Capitala Finance Corp. (CPTA) Cut by Oppenheimer Holdings (americanbankingnews.com)
- Edited Transcript of CPTA earnings conference call or presentation 7-Nov-17 1:30pm GMT (finance.yahoo.com)
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $9.50 price target on shares of Capitala Finance Corp. in a research note on Friday, November 10th. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday, August 8th. ValuEngine downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.50.
Capitala Finance Corp. (NASDAQ CPTA) traded down $0.05 on Wednesday, reaching $7.73. The company’s stock had a trading volume of 118,600 shares, compared to its average volume of 115,976. The stock has a market cap of $123.99, a P/E ratio of 6.82 and a beta of 1.07. Capitala Finance Corp. has a one year low of $7.55 and a one year high of $14.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58.
Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.42 million. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. equities analysts anticipate that Capitala Finance Corp. will post 0.95 EPS for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. The ex-dividend date is Tuesday, December 19th. This represents a $1.00 annualized dividend and a yield of 12.93%. Capitala Finance Corp.’s payout ratio is currently 909.17%.
In related news, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the acquisition, the director now owns 110,000 shares of the company’s stock, valued at approximately $838,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph B. Alala III purchased 89,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the completion of the acquisition, the insider now directly owns 9,611 shares in the company, valued at approximately $74,677.47. The disclosure for this purchase can be found here. Insiders bought a total of 99,200 shares of company stock worth $769,552 over the last quarter. Company insiders own 8.40% of the company’s stock.
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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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