Capitala Finance Corp. (NASDAQ:CPTA) insider Joseph B. Alala III bought 89,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $7.77 per share, with a total value of $691,530.00. Following the completion of the transaction, the insider now directly owns 9,611 shares in the company, valued at approximately $74,677.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Capitala Finance Corp. (NASDAQ CPTA) traded down $0.05 during midday trading on Wednesday, reaching $7.73. The company’s stock had a trading volume of 118,600 shares, compared to its average volume of 115,976. Capitala Finance Corp. has a 12-month low of $7.55 and a 12-month high of $14.65. The company has a market cap of $123.99, a PE ratio of 6.82 and a beta of 1.07. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58.

Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. The company had revenue of $12.31 million for the quarter, compared to analysts’ expectations of $12.42 million. sell-side analysts forecast that Capitala Finance Corp. will post 0.95 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be paid a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 12.93%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 909.17%.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. BB&T Securities LLC raised its stake in Capitala Finance Corp. by 21.4% in the 2nd quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock valued at $2,164,000 after acquiring an additional 29,274 shares during the period. Goldman Sachs Group Inc. raised its stake in Capitala Finance Corp. by 160.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock valued at $496,000 after acquiring an additional 21,265 shares during the period. Carroll Financial Associates Inc. raised its stake in Capitala Finance Corp. by 28.9% in the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock valued at $941,000 after acquiring an additional 23,133 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Capitala Finance Corp. in the 2nd quarter valued at $454,000. Finally, JPMorgan Chase & Co. raised its stake in 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 valued at $320,000 after acquiring an additional 19,650 shares during the period. Institutional investors and hedge funds own 25.77% of the company’s stock.

CPTA has been the subject of several analyst reports. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. ValuEngine lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $9.50 price objective on shares of Capitala Finance Corp. in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Capitala Finance Corp. has an average rating of “Hold” and an average price target of $13.50.

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.

Insider Buying and Selling by Quarter for Capitala Finance Corp. (NASDAQ:CPTA)

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