Capitala Finance Corp. (CPTA) Rating Increased to Hold at Zacks Investment Research
Capitala Finance Corp. (NASDAQ:CPTA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “
Several other research analysts also recently commented on CPTA. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday, August 8th. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. ValuEngine downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance Corp. in a report on Friday, September 22nd. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.92.
Shares of Capitala Finance Corp. (CPTA) traded down 0.33% during trading on Tuesday, reaching $9.16. The company’s stock had a trading volume of 115,798 shares. The stock’s 50-day moving average is $9.12 and its 200-day moving average is $12.21. Capitala Finance Corp. has a 12-month low of $8.67 and a 12-month high of $14.65.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (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%. Equities analysts anticipate that Capitala Finance Corp. will post $1.17 earnings per share for the current year.
In other Capitala Finance Corp. news, Director Larry W. Carroll purchased 20,000 shares of Capitala Finance Corp. stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average price of $9.15 per share, for a total transaction of $183,000.00. Following the acquisition, the director now directly owns 82,150 shares in the company, valued at $751,672.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Markham Hunt Broyhill purchased 5,098 shares of Capitala Finance Corp. stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of $11.00 per share, for a total transaction of $56,078.00. Following the acquisition, the director now owns 81,038 shares in the company, valued at $891,418. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 30,842 shares of company stock worth $290,851. 8.40% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of CPTA. Russell Investments Group Ltd. bought a new stake in shares of Capitala Finance Corp. in the 2nd quarter worth approximately $149,000. GSA Capital Partners LLP bought a new stake in shares of Capitala Finance Corp. in the 2nd quarter worth approximately $150,000. JPMorgan Chase & Co. boosted its position in shares of Capitala Finance Corp. by 396.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after purchasing an additional 19,650 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of Capitala Finance Corp. by 12.7% in the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Regent Investment Management LLC boosted its position in shares of Capitala Finance Corp. by 8.4% in the 2nd quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after purchasing an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 28.24% 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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