Shares of Capitala Finance Corp. (NASDAQ:CPTA) have earned an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.54.

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Capitala Finance Corp. in a report on Friday, April 28th. TheStreet raised shares of Capitala Finance Corp. from a “c” rating to a “b-” rating in a report on Friday, April 7th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Capitala Finance Corp. in a report on Wednesday, April 19th. FBR & Co increased their target price on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, May 9th. Finally, Zacks Investment Research cut shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th.

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Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded up 0.60% during trading on Tuesday, hitting $13.48. 92,775 shares of the company’s stock were exchanged. Capitala Finance Corp. has a 1-year low of $11.51 and a 1-year high of $15.80. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.82.

Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Monday, May 8th. The investment management company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $16.23 million. Capitala Finance Corp. had a net margin of 27.75% and a return on equity of 11.06%. On average, equities analysts expect that Capitala Finance Corp. will post $1.55 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 23rd will be issued a $0.13 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.56 dividend on an annualized basis and a yield of 11.57%. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 135.65%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Muzinich & Co. Inc. raised its position in shares of Capitala Finance Corp. by 70.6% in the first quarter. Muzinich & Co. Inc. now owns 542,130 shares of the investment management company’s stock worth $7,785,000 after buying an additional 224,330 shares during the period. UBS Group AG raised its position in shares of Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after buying an additional 56,890 shares during the period. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Capitala Finance Corp. during the first quarter worth about $5,260,000. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Capitala Finance Corp. by 74.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,592 shares of the investment management company’s stock worth $5,235,000 after buying an additional 155,815 shares during the period. Finally, Confluence Investment Management LLC raised its position in shares of Capitala Finance Corp. by 92.0% in the first quarter. Confluence Investment Management LLC now owns 164,137 shares of the investment management company’s stock worth $2,357,000 after buying an additional 78,642 shares during the period. Institutional investors and hedge funds own 31.59% of the company’s stock.

About Capitala Finance Corp.

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.

Analyst Recommendations for Capitala Finance Corp. (NASDAQ:CPTA)

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