Capitala Finance Corp. (CPTA) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their hold rating on shares of Capitala Finance Corp. (NASDAQ:CPTA) in a research report sent to investors on Friday. They currently have a $9.50 price target on the investment management company’s stock.

Several other brokerages have also issued reports on CPTA. ValuEngine lowered shares of Capitala Finance Corp. from a buy rating to a hold rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Capitala Finance Corp. from a strong sell rating to a hold rating in a research report on Tuesday, October 10th. Jefferies Group LLC restated a buy rating and set a $14.00 target price on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. TheStreet lowered shares of Capitala Finance Corp. from a b- rating to a c+ rating in a research report on Tuesday, August 8th. Finally, Ladenburg Thalmann Financial Services restated a neutral rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Capitala Finance Corp. presently has an average rating of Hold and an average target price of $13.50.

Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at $7.78 on Friday. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. The stock has a market cap of $122.23, a P/E ratio of 6.73 and a beta of 1.07. Capitala Finance Corp. has a 12-month low of $7.55 and a 12-month high of $14.65.

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

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The company also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be given a $0.0833 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.85%. Capitala Finance Corp.’s payout ratio is currently 909.17%.

Several institutional investors and hedge funds have recently bought and sold shares of CPTA. Goldman Sachs Group Inc. boosted its position in shares of Capitala Finance Corp. by 160.3% in the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after purchasing an additional 21,265 shares during the period. Regent Investment Management LLC boosted its position in shares of Capitala Finance Corp. by 8.4% in the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after purchasing an additional 2,600 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Capitala Finance Corp. in the second quarter worth approximately $149,000. Acadian Asset Management LLC boosted its position in shares of Capitala Finance Corp. by 73.1% in the second quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock worth $483,000 after purchasing an additional 15,716 shares during the period. Finally, Eagle Global Advisors LLC boosted its position in shares of Capitala Finance Corp. by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after purchasing an additional 3,400 shares during the period. Institutional investors and hedge funds own 25.77% 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.

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

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