John F. Mcglinn Buys 4,444 Shares of Capitala Finance Corp. (CPTA) Stock
Capitala Finance Corp. (NASDAQ:CPTA) insider John F. Mcglinn bought 4,444 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $9.00 per share, with a total value of $39,996.00. Following the completion of the transaction, the insider now owns 112,485 shares in the company, valued at $1,012,365. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Capitala Finance Corp. (NASDAQ CPTA) traded up 1.08% on Tuesday, hitting $9.32. The stock had a trading volume of 217,162 shares. The stock’s 50-day moving average is $12.63 and its 200-day moving average is $13.62. Capitala Finance Corp. has a 52-week low of $8.82 and a 52-week high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings data on Monday, August 7th. The investment management company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.37 by $0.33. The firm had revenue of $12.36 million for the quarter, compared to the consensus estimate of $15.11 million. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. Analysts forecast that Capitala Finance Corp. will post $1.36 earnings per share for the current year.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 16.74%. The ex-dividend date is Monday, August 21st. Capitala Finance Corp.’s dividend payout ratio (DPR) is 458.82%.
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CPTA has been the subject of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Capitala Finance Corp. in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $15.00 target price on shares of Capitala Finance Corp. in a research report on Friday, April 28th. FBR & Co raised their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 9th. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Finally, Wunderlich raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.50 to $15.50 in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.32.
Several institutional investors have recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD increased 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 valued at $5,235,000 after buying an additional 155,815 shares during the period. Regent Investment Management LLC increased its position in shares of Capitala Finance Corp. by 8.4% in the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock valued at $437,000 after buying an additional 2,600 shares during the period. Eagle Global Advisors LLC increased its position in shares of Capitala Finance Corp. by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock valued at $393,000 after buying an additional 3,400 shares during the period. UBS Group AG increased 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 valued at $6,273,000 after buying an additional 56,890 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Capitala Finance Corp. during the first quarter valued at approximately $309,000. 28.29% of the stock is owned by hedge funds and other institutional investors.
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.
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