Capitala Finance Corp Director Buys $250,008 in Stock (CPTA)
Capitala Finance Corp (NASDAQ:CPTA) Director Markham Hunt Broyhill bought 13,580 shares of the company’s stock on the open market in a transaction dated Monday, May 19th. The stock was purchased at an average price of $18.41 per share, with a total value of $250,007.80. Following the completion of the transaction, the director now directly owns 66,027 shares of the company’s stock, valued at approximately $1,215,557. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Capitala Finance Corp in a research note on Thursday, March 13th. They now have a $22.75 price target on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $22.58.
Shares of Capitala Finance Corp (NASDAQ:CPTA) traded down 0.65% during mid-day trading on Tuesday, hitting $18.29. The stock had a trading volume of 13,274 shares. Capitala Finance Corp has a 52-week low of $17.65 and a 52-week high of $20.25. The stock’s 50-day moving average is $18.55 and its 200-day moving average is $19.40.
Capitala Finance Corp (NASDAQ:CPTA) last announced its earnings results on Monday, May 12th. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.46 by $0.02. On average, analysts predict that Capitala Finance Corp will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Investors of record on Monday, June 9th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.21%. The ex-dividend date is Thursday, June 5th.
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