Insider Buying: Capitala Finance Corp COO Purchases 2,650 Shares of Stock (CPTA)
Capitala Finance Corp (NASDAQ:CPTA) COO John F. Mcglinn purchased 2,650 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was purchased at an average price of $18.90 per share, with a total value of $50,085.00. Following the completion of the purchase, the chief operating officer now directly owns 59,071 shares of the company’s stock, valued at approximately $1,116,442. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Capitala Finance Corp (NASDAQ:CPTA) traded up 0.58% on Tuesday, hitting $18.99. 30,583 shares of the company’s stock traded hands. 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 $18.82 and a 200-day moving average of $18.96.
Capitala Finance Corp (NASDAQ:CPTA) last released its earnings data on Tuesday, August 12th. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Analysts expect that Capitala Finance Corp will post $1.75 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 9.96%. The ex-dividend date is Wednesday, September 10th.
CPTA has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Capitala Finance Corp in a research note on Wednesday, August 13th. They now have a $22.25 price target on the stock, down previously from $22.75. Separately, 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. Finally, 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 research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $22.25.
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