Capitala Finance Corp (NASDAQ:CPTA) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 23rd will be paid a dividend of 0.0833 per share by the investment management company on Thursday, March 29th. This represents a $1.00 annualized dividend and a yield of 13.49%. The ex-dividend date of this dividend is Thursday, March 22nd. This is a positive change from Capitala Finance’s previous monthly dividend of $0.08.

Capitala Finance (NASDAQ:CPTA) traded down $0.06 on Wednesday, hitting $7.41. 110,612 shares of the stock traded hands, compared to its average volume of 146,356. 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 has a 1 year low of $7.12 and a 1 year high of $14.65. The stock has a market capitalization of $118.09, a PE ratio of 67.36 and a beta of 0.97.

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

In other news, Director Larry W. Carroll bought 10,000 shares of Capitala Finance stock in a transaction dated Monday, November 13th. The shares were acquired at an average price of $7.62 per share, with a total value of $76,200.00. Following the completion of the purchase, the director now owns 110,000 shares in the company, valued at approximately $838,200. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Joseph B. Alala III bought 89,000 shares of Capitala Finance stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $7.77 per share, for a total transaction of $691,530.00. Following the purchase, the insider now owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 119,520 shares of company stock worth $922,892. 8.40% of the stock is owned by insiders.

A number of brokerages have commented on CPTA. 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. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group restated a “buy” rating and set a $14.00 target price on shares of Capitala Finance in a research report on Friday, September 22nd. Finally, ValuEngine upgraded shares of Capitala Finance from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $13.50.

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About Capitala Finance

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.

Dividend History for Capitala Finance (NASDAQ:CPTA)

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