Capitala Finance (NASDAQ:CPTA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research analysts have also recently commented on CPTA. TheStreet cut shares of Capitala Finance from a “b-” rating to a “c+” rating in a report on Tuesday, August 8th. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance in a research report on Thursday, August 10th. Zacks Investment Research downgraded shares of Capitala Finance from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Jefferies Group restated a “buy” rating and set a $14.00 price objective on shares of Capitala Finance in a research report on Friday, September 22nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Capitala Finance presently has an average rating of “Hold” and an average target price of $13.50.

Shares of Capitala Finance (CPTA) traded down $0.03 during mid-day trading on Friday, hitting $7.59. 125,937 shares of the company were exchanged, compared to its average volume of 159,570. The company has a quick ratio of 21.58, a current ratio of 21.58 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $120.96, a PE ratio of 6.66 and a beta of 1.03. Capitala Finance has a 52-week low of $7.40 and a 52-week high of $14.65.

Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The firm had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.42 million. equities analysts forecast that Capitala Finance will post 0.98 earnings per share for the current fiscal year.

In other Capitala Finance news, insider Joseph B. Alala III purchased 89,000 shares of Capitala Finance stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the transaction, the insider now directly owns 9,611 shares in the company, valued at $74,677.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry W. Carroll purchased 10,000 shares of Capitala Finance stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $7.62 per share, with a total value of $76,200.00. Following the transaction, the director now owns 110,000 shares in the company, valued at $838,200. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 99,200 shares of company stock valued at $769,552. 8.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in CPTA. Russell Investments Group Ltd. purchased a new position in Capitala Finance during the 2nd quarter worth $149,000. GSA Capital Partners LLP acquired a new position in shares of Capitala Finance during the 2nd quarter worth $150,000. JPMorgan Chase & Co. grew its stake in shares of Capitala Finance by 396.2% during 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 during the period. Eagle Global Advisors LLC grew its stake in shares of Capitala Finance by 12.7% during 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 during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Capitala Finance during the 2nd quarter worth $454,000. Institutional investors own 19.37% of the company’s stock.

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Capitala Finance 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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Analyst Recommendations for Capitala Finance (NASDAQ:CPTA)

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