Capitala Finance Corp (NASDAQ:CPTA) announced a monthly dividend on Wednesday, January 4th. Investors of record on Thursday, March 23rd will be paid a dividend of 0.13 per share by the investment management company on Thursday, March 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date is Tuesday, March 21st.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 14.37 on Monday. The company’s 50 day moving average is $14.12 and its 200-day moving average is $13.51. Capitala Finance Corp has a 52 week low of $11.36 and a 52 week high of $15.80.
Capitala Finance Corp (NASDAQ:CPTA) last released its quarterly earnings data on Tuesday, March 7th. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Capitala Finance Corp had a positive return on equity of 11.51% and a negative net margin of 11.51%. Analysts forecast that Capitala Finance Corp will post $1.62 EPS for the current fiscal year.
CPTA has been the topic of a number of analyst reports. Zacks Investment Research upgraded Capitala Finance Corp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Capitala Finance Corp in a research report on Wednesday, March 8th. Finally, FBR & Co reiterated a “hold” rating and issued a $14.00 price target on shares of Capitala Finance Corp in a research report on Friday, March 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $15.31.
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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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