Several brokerages have updated their recommendations and price targets on shares of Capitala Finance (NASDAQ: CPTA) in the last few weeks:

  • 12/1/2017 – Capitala Finance was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/20/2017 – Capitala Finance was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/17/2017 – Capitala Finance was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “
  • 11/16/2017 – Capitala Finance was downgraded by analysts at Jefferies Group LLC from a “buy” rating to a “hold” rating.
  • 11/10/2017 – Capitala Finance had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $9.50 price target on the stock.
  • 11/8/2017 – Capitala Finance was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/10/2017 – Capitala Finance was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. 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. “

Capitala Finance Corp. (NASDAQ CPTA) opened at $7.80 on Wednesday. The company has a market capitalization of $120.96, a price-to-earnings ratio of 6.66 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. Capitala Finance Corp. has a 12-month low of $7.40 and a 12-month 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 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.42 million. Capitala Finance had a return on equity of 7.49% and a net margin of 3.04%. equities research analysts expect that Capitala Finance Corp. will post 0.98 earnings per share for the current fiscal year.

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 given a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 12.82%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance’s dividend payout ratio (DPR) is presently 909.17%.

In other news, insider Joseph B. Alala III bought 89,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $7.77 per share, for a total transaction of $691,530.00. Following the acquisition, the insider now owns 9,611 shares of the company’s stock, valued at $74,677.47. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry W. Carroll bought 10,000 shares of the stock in a transaction on Monday, November 13th. The stock was purchased at an average price of $7.62 per share, with a total value of $76,200.00. Following the completion of the acquisition, the director now directly owns 110,000 shares in the company, valued at approximately $838,200. The disclosure for this purchase can be found here. Insiders acquired a total of 109,720 shares of company stock worth $849,714 in the last ninety days. 8.40% of the stock is currently owned by corporate insiders.

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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