Shares of Capitala Finance Corp (NASDAQ:CPTA) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $9.50.
A number of analysts have weighed in on CPTA shares. Ladenburg Thalmann upgraded shares of Capitala Finance from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 8th. ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd.
NASDAQ:CPTA traded down $0.19 on Tuesday, reaching $8.30. 84,610 shares of the stock traded hands, compared to its average volume of 91,591. The firm has a market cap of $134.88 million, a P/E ratio of 8.47 and a beta of 0.94. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.97 and a current ratio of 1.97. Capitala Finance has a 12 month low of $6.88 and a 12 month high of $13.95.
The business also recently declared a monthly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 20th will be paid a $0.0833 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.04%. Capitala Finance’s dividend payout ratio is presently 102.04%.
In related news, Director Larry W. Carroll purchased 3,409 shares of Capitala Finance stock in a transaction dated Thursday, March 22nd. The stock was purchased at an average cost of $7.80 per share, for a total transaction of $26,590.20. Following the completion of the purchase, the director now directly owns 133,409 shares of the company’s stock, valued at approximately $1,040,590.20. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in CPTA. Carroll Financial Associates Inc. grew its stake in shares of Capitala Finance by 27.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock worth $953,000 after acquiring an additional 27,812 shares during the period. Regent Investment Management LLC grew its position in Capitala Finance by 27.5% during the fourth quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock valued at $408,000 after buying an additional 12,100 shares during the period. Oppenheimer & Co. Inc. grew its position in Capitala Finance by 48.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock valued at $265,000 after buying an additional 11,935 shares during the period. Geode Capital Management LLC bought a new stake in Capitala Finance during the fourth quarter valued at approximately $121,000. Finally, Ares Management LLC grew its position in Capitala Finance by 13.3% during the fourth quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock valued at $1,503,000 after buying an additional 24,242 shares during the period. Hedge funds and other institutional investors own 16.81% of the company’s stock.
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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