Capitala Finance Corp. Plans Monthly Dividend of $0.08 (CPTA)
Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Tuesday, November 21st will be given a dividend of 0.0833 per share by the investment management company on Wednesday, November 29th. This represents a $1.00 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Monday, November 20th.
Shares of Capitala Finance Corp. (NASDAQ CPTA) traded down 8.04% during trading on Tuesday, reaching $9.15. The company had a trading volume of 570,617 shares. Capitala Finance Corp. has a 12 month low of $8.67 and a 12 month high of $14.65. The stock’s 50-day moving average price is $9.13 and its 200-day moving average price is $12.39.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, August 7th. The investment management company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 8.55% and a net margin of 8.91%. On average, equities analysts forecast that Capitala Finance Corp. will post $1.27 EPS for the current fiscal year.
CPTA has been the subject of a number of research reports. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. Zacks Investment Research raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price objective on shares of Capitala Finance Corp. in a research note on Friday, September 22nd. Finally, ValuEngine lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.89.
In related news, insider John F. Mcglinn acquired 4,444 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased 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 of the company’s stock, valued at approximately $1,012,365. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Larry W. Carroll acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $9.15 per share, for a total transaction of $183,000.00. Following the completion of the transaction, the director now directly owns 82,150 shares of the company’s stock, valued at approximately $751,672.50. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 30,842 shares of company stock worth $290,851. Company insiders own 8.40% of the company’s stock.
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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