Capitala Finance Corp Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:CPTA)
Shares of Capitala Finance Corp (NASDAQ:CPTA) have been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, Stock Ratings Network.com reports. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $22.25.
In other Capitala Finance Corp news, COO John F. Mcglinn bought 2,650 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $18.90 per share, for a total transaction of $50,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 18.92 on Wednesday. Capitala Finance Corp has a one year low of $17.65 and a one year high of $20.25. The stock’s 50-day moving average is $18.80 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 for the quarter, meeting the analysts’ 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 9.94%. 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.