Capitala Finance Corp (NASDAQ:CPTA) was the recipient of a significant growth in short interest in January. As of January 31st, there was short interest totalling 182,900 shares, a growth of 13.0% from the January 15th total of 161,800 shares. Based on an average daily volume of 123,900 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the shares of the company are short sold.
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Capitala Finance during the fourth quarter valued at approximately $32,000. Raymond James & Associates purchased a new position in Capitala Finance during the fourth quarter valued at approximately $120,000. Virtu Financial LLC purchased a new position in Capitala Finance during the fourth quarter valued at approximately $133,000. Biltmore Capital Advisors LLC grew its stake in Capitala Finance by 33.3% during the third quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock valued at $133,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in Capitala Finance during the fourth quarter valued at approximately $142,000. 15.53% of the stock is owned by institutional investors.
Several research firms have recently weighed in on CPTA. Zacks Investment Research upgraded shares of Capitala Finance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods downgraded shares of Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 target price for the company. in a research note on Sunday, October 20th. Finally, ValuEngine upgraded shares of Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.
NASDAQ:CPTA traded up $0.03 during mid-day trading on Friday, hitting $9.15. 99,707 shares of the stock traded hands, compared to its average volume of 141,332. The business’s 50-day moving average price is $8.80 and its 200 day moving average price is $8.51. The company has a market cap of $147.65 million, a PE ratio of -4.01 and a beta of 1.23. Capitala Finance has a 12-month low of $7.34 and a 12-month high of $9.99. The company has a quick ratio of 15.22, a current ratio of 15.22 and a debt-to-equity ratio of 1.80.
The company also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be paid a dividend of $0.0833 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.00 annualized dividend and a yield of 10.92%. Capitala Finance’s dividend payout ratio is currently 100.00%.
Capitala Finance Company Profile
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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