Capitala Finance Corp. (NASDAQ:CPTA) has received a consensus recommendation of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $15.54.

Several research firms recently commented on CPTA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price target on shares of Capitala Finance Corp. in a research note on Friday, April 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Capitala Finance Corp. in a research note on Wednesday, March 8th. TheStreet raised shares of Capitala Finance Corp. from a “c” rating to a “b-” rating in a research note on Friday, April 7th. FBR & Co reaffirmed a “hold” rating and issued a $14.00 price target on shares of Capitala Finance Corp. in a research note on Friday, March 10th. Finally, Zacks Investment Research downgraded shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Armor Investment Advisors LLC boosted its position in shares of Capitala Finance Corp. by 12.7% in the first quarter. Armor Investment Advisors LLC now owns 34,677 shares of the investment management company’s stock valued at $498,000 after buying an additional 3,900 shares during the last quarter. Eagle Global Advisors LLC boosted its position in shares of Capitala Finance Corp. by 36.6% in the first quarter. Eagle Global Advisors LLC now owns 26,771 shares of the investment management company’s stock valued at $384,000 after buying an additional 7,168 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Capitala Finance Corp. during the first quarter valued at about $183,000. Nine Chapters Capital Management LLC acquired a new position in shares of Capitala Finance Corp. during the first quarter valued at about $200,000. Finally, GSA Capital Partners LLP boosted its position in shares of Capitala Finance Corp. by 147.7% in the fourth quarter. GSA Capital Partners LLP now owns 32,200 shares of the investment management company’s stock valued at $416,000 after buying an additional 19,200 shares during the last quarter. Institutional investors own 31.59% of the company’s stock.

Shares of Capitala Finance Corp. (CPTA) traded down 0.60% during midday trading on Friday, hitting $13.22. 107,437 shares of the stock were exchanged. The firm has a 50 day moving average of $13.68 and a 200-day moving average of $13.80. Capitala Finance Corp. has a 12 month low of $11.51 and a 12 month high of $15.80.

Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, May 8th. The investment management company reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39. Capitala Finance Corp. had a net margin of 27.75% and a return on equity of 11.06%. The business had revenue of $14.82 million for the quarter, compared to the consensus estimate of $16.23 million. On average, equities analysts expect that Capitala Finance Corp. will post $1.57 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 29th. Investors of record on Wednesday, June 21st will be paid a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 11.80%. The ex-dividend date of this dividend is Monday, June 19th. Capitala Finance Corp.’s dividend payout ratio is presently 135.65%.

COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/06/23/capitala-finance-corp-cpta-given-consensus-rating-of-hold-by-brokerages.html.

Capitala Finance Corp. Company Profile

Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

Receive News & Ratings for Capitala Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance Corp. and related companies with MarketBeat.com's FREE daily email newsletter.