Capitala Finance Corp COO Acquires $50,085 in 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 cost of $18.90 per share, with a total value of $50,085.00. Following the completion of the acquisition, the chief operating officer now directly owns 59,071 shares in the company, valued at approximately $1,116,442. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 18.89 on Thursday. 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 $18.81 and its 200-day moving average is $18.95.
Capitala Finance Corp (NASDAQ:CPTA) last posted its quarterly earnings results 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 9.95%. The ex-dividend date of this dividend is Wednesday, September 10th.
A number of analysts have recently weighed in on CPTA shares. 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.25.
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