Deutsche Bank Reiterates “Buy” Rating for Capitala Finance Corp (CPTA)
Capitala Finance Corp (NASDAQ:CPTA)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Wednesday. They currently have a $22.25 price target on the stock, down from their previous price target of $22.75. Deutsche Bank’s price objective would indicate a potential upside of 19.11% from the company’s current price.
Capitala Finance Corp (NASDAQ:CPTA) traded down 0.11% on Wednesday, hitting $18.66. The stock had a trading volume of 23,891 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 $18.83 and its 200-day moving average is $18.99.
Capitala Finance Corp (NASDAQ:CPTA) last released its earnings data on Tuesday, August 12th. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.43. Analysts expect that Capitala Finance Corp will post $1.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 12th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 10.06%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several other analysts have also recently commented on the stock. Analysts at Ladenburg Thalmann initiated coverage on shares of Capitala Finance Corp in a research note on Thursday, July 10th. They set a “buy” rating and a $21.00 price target on the stock. Analysts at Wunderlich initiated coverage on shares of Capitala Finance Corp in a research note on Tuesday, July 1st. They set a “buy” rating and a $23.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Capitala Finance Corp presently has a consensus rating of “Buy” and a consensus target price of $22.25.
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