Capitala Finance Corp Receives Average Rating of “Buy” from Brokerages (NASDAQ:CPTA)
Shares of Capitala Finance Corp (NASDAQ:CPTA) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $22.25.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 18.98 on Wednesday. Capitala Finance Corp has a 1-year low of $17.65 and a 1-year high of $20.25. The stock’s 50-day moving average is $18.82 and its 200-day moving average is $18.95.
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. On average, analysts predict that Capitala Finance Corp will post $1.75 earnings per share 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 9.91%. The ex-dividend date of this dividend is Wednesday, September 10th.
A number of research firms have recently commented on CPTA. 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.
In other Capitala Finance Corp news, COO John F. Mcglinn bought 2,650 shares of Capitala Finance Corp stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $18.90 per share, for a total transaction of $50,085.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
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