Ladenburg Thalmann Financial Services reiterated their neutral rating on shares of Capitala Finance Corp. (NASDAQ:CPTA) in a research note published on Thursday, Marketbeat.com reports.
A number of other equities analysts also recently commented on CPTA. Jefferies Group LLC reiterated a buy rating and issued a $17.00 target price on shares of Capitala Finance Corp. in a report on Wednesday, April 19th. Keefe, Bruyette & Woods restated a hold rating and set a $15.00 price objective on shares of Capitala Finance Corp. in a report on Friday, April 28th. FBR & Co upped their price objective on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the company a market perform rating in a report on Tuesday, May 9th. Zacks Investment Research downgraded shares of Capitala Finance Corp. from a hold rating to a sell rating in a report on Tuesday, May 9th. Finally, Wunderlich upgraded shares of Capitala Finance Corp. from a hold rating to a buy rating and upped their price objective for the company from $14.50 to $15.50 in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Capitala Finance Corp. currently has an average rating of Hold and an average price target of $15.32.
Shares of Capitala Finance Corp. (NASDAQ CPTA) traded down 0.11% during mid-day trading on Thursday, reaching $8.98. 341,094 shares of the company traded hands. Capitala Finance Corp. has a 52 week low of $8.82 and a 52 week high of $15.80. The firm has a 50 day moving average of $12.75 and a 200-day moving average of $13.66.
Capitala Finance Corp. (NASDAQ:CPTA) last announced 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. The firm had revenue of $12.36 million during the quarter, compared to the consensus estimate of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. On average, equities analysts forecast that Capitala Finance Corp. will post $1.36 EPS for the current fiscal year.
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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 issued a dividend of $0.13 per share. The ex-dividend date is Monday, August 21st. This represents a $1.56 annualized dividend and a dividend yield of 17.37%. Capitala Finance Corp.’s dividend payout ratio (DPR) is currently 458.82%.
Several institutional investors have recently bought and sold shares of the stock. 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 valued at $7,785,000 after buying an additional 224,330 shares during the period. 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 valued at $6,273,000 after buying an additional 56,890 shares during the period. Wilbanks Smith & Thomas Asset Management LLC bought a new position in Capitala Finance Corp. during the first quarter valued at about $5,260,000. 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 valued at $5,235,000 after buying an additional 155,815 shares during the period. 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 valued at $2,164,000 after buying an additional 29,274 shares during the period. Hedge funds and other institutional investors own 28.58% 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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