Wunderlich Initiates Coverage on Capitala Finance Corp (CPTA)
Research analysts at Wunderlich initiated coverage on shares of Capitala Finance Corp (NASDAQ:CPTA) in a report released on Tuesday. The firm set a “buy” rating and a $23.00 price target on the stock. Wunderlich’s price objective indicates a potential upside of 21.76% from the company’s current price.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 18.89 on Tuesday. Capitala Finance Corp has a 52 week low of $17.65 and a 52 week high of $20.25. The stock has a 50-day moving average of $18.41 and a 200-day moving average of $19.21.
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. Analysts expect that Capitala Finance Corp will post $1.83 EPS for the current fiscal year.
In other Capitala Finance Corp news, Director H. Paul Chapman acquired 5,000 shares of Capitala Finance Corp stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average price of $18.68 per share, with a total value of $93,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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