Capitala Finance Corp. (CPTA) Given Average Recommendation of “Hold” by Brokerages
Capitala Finance Corp. (NASDAQ:CPTA) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $13.33.
A number of research firms recently issued reports on CPTA. ValuEngine downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.50 target price on shares of Capitala Finance Corp. in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Capitala Finance Corp. from a “strong sell” rating to a “hold” rating in a report on Friday. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday, August 8th. Finally, Jefferies Group LLC downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 16th.
Shares of Capitala Finance Corp. (NASDAQ CPTA) opened at $7.47 on Tuesday. Capitala Finance Corp. has a twelve month low of $7.43 and a twelve month high of $14.65. The stock has a market cap of $121.28, a P/E ratio of 6.68 and a beta of 1.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be paid a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 annualized dividend and a yield of 13.38%. Capitala Finance Corp.’s dividend payout ratio is currently 909.09%.
In other Capitala Finance Corp. news, Director Larry W. Carroll acquired 10,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the purchase, the director now directly owns 110,000 shares in the company, valued at $838,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph B. Alala III acquired 89,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $7.77 per share, with a total value of $691,530.00. Following the completion of the purchase, the insider now owns 9,611 shares of the company’s stock, valued at $74,677.47. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 99,200 shares of company stock valued at $769,552. 8.40% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Carroll Financial Associates Inc. grew its stake in Capitala Finance Corp. by 28.9% during the third quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock worth $941,000 after buying an additional 23,133 shares during the period. BB&T Securities LLC lifted its position in shares of Capitala Finance Corp. by 21.4% during the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after purchasing an additional 29,274 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Capitala Finance Corp. by 160.3% during the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after purchasing an additional 21,265 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Capitala Finance Corp. during the second quarter worth $454,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Capitala Finance Corp. by 396.2% during the second 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. Institutional investors own 23.02% 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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