Virtus ETF Advisers LLC Takes Position in Capitala Finance Corp (NASDAQ:CPTA)

Virtus ETF Advisers LLC acquired a new stake in shares of Capitala Finance Corp (NASDAQ:CPTA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 210,105 shares of the investment management company’s stock, valued at approximately $1,985,000.

Several other institutional investors have also recently made changes to their positions in CPTA. Punch & Associates Investment Management Inc. increased its holdings in Capitala Finance by 6.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock valued at $3,073,000 after purchasing an additional 23,235 shares during the period. BB&T Securities LLC raised its holdings in Capitala Finance by 12.2% during the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 10,381 shares during the period. Acadian Asset Management LLC raised its holdings in Capitala Finance by 119.6% during the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 17,854 shares during the period. AJO LP bought a new stake in shares of Capitala Finance in the first quarter worth about $234,000. Finally, Franklin Street Advisors Inc. NC bought a new stake in shares of Capitala Finance in the first quarter worth about $108,000. Hedge funds and other institutional investors own 18.20% of the company’s stock.

Shares of CPTA stock traded up $0.03 during trading hours on Friday, hitting $8.22. The stock had a trading volume of 3,572 shares, compared to its average volume of 153,959. Capitala Finance Corp has a one year low of $6.46 and a one year high of $9.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 4.42 and a quick ratio of 4.42. The stock’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $8.67. The stock has a market capitalization of $133.88 million, a price-to-earnings ratio of 8.22 and a beta of 1.19.

Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, August 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Capitala Finance had a positive return on equity of 8.44% and a negative net margin of 107.00%. The firm had revenue of $11.59 million for the quarter, compared to analysts’ expectations of $12.48 million. As a group, equities research analysts predict that Capitala Finance Corp will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be issued a $0.083 dividend. The ex-dividend date of this dividend is Thursday, September 19th. Capitala Finance’s dividend payout ratio (DPR) is 100.00%.

Several brokerages have recently issued reports on CPTA. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Capitala Finance from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, LADENBURG THALM/SH SH cut Capitala Finance from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th.

About Capitala Finance

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.

Further Reading: Short Selling Stocks and Day Traders

Want to see what other hedge funds are holding CPTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capitala Finance Corp (NASDAQ:CPTA).

Institutional Ownership by Quarter for Capitala Finance (NASDAQ:CPTA)

Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.