Capitala Finance Corp. (CPTA) Plans Monthly Dividend of $0.08
Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Monday, October 23rd will be paid a dividend of 0.0833 per share by the investment management company on Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date is Friday, October 20th.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded down 8.04% during mid-day trading on Tuesday, reaching $9.15. 570,617 shares of the company’s stock were exchanged. Capitala Finance Corp. has a 1-year low of $8.67 and a 1-year high of $14.65. The company’s 50 day moving average is $9.13 and its 200 day moving average is $12.39.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.33). Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. The business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. On average, equities analysts forecast that Capitala Finance Corp. will post $1.27 EPS for the current year.
A number of equities analysts have weighed in on CPTA shares. TheStreet cut shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, August 11th. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 target price on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Finally, ValuEngine cut shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Capitala Finance Corp. currently has a consensus rating of “Hold” and a consensus price target of $14.89.
In other Capitala Finance Corp. news, insider John F. Mcglinn bought 4,444 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $9.00 per share, with a total value of $39,996.00. Following the purchase, the insider now directly owns 112,485 shares of the company’s stock, valued at approximately $1,012,365. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Markham Hunt Broyhill bought 5,098 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $11.00 per share, for a total transaction of $56,078.00. Following the completion of the purchase, the director now directly owns 81,038 shares in the company, valued at $891,418. The disclosure for this purchase can be found here. Insiders acquired a total of 30,842 shares of company stock worth $290,851 in the last 90 days. 8.40% of the stock is currently owned by insiders.
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.
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