Capitala Finance Corp (NASDAQ:CPTA) declared a monthly dividend on Tuesday, January 2nd, Zacks reports. Investors of record on Monday, January 22nd will be given a dividend of 0.083 per share by the investment management company on Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a yield of 13.33%. The ex-dividend date of this dividend is Friday, January 19th.

Capitala Finance (NASDAQ CPTA) traded up $0.19 during midday trading on Wednesday, reaching $7.47. The company had a trading volume of 182,100 shares, compared to its average volume of 303,250. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. Capitala Finance has a one year low of $7.12 and a one year high of $14.65. The stock has a market cap of $119.84, a PE ratio of 67.91 and a beta of 0.97.

Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.28. Capitala Finance 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 predict that Capitala Finance will post 0.98 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Zacks Investment Research cut Capitala Finance from a “hold” rating to a “strong sell” rating in a report on Tuesday. Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $9.50 price objective on shares of Capitala Finance in a report on Friday, November 10th. Finally, ValuEngine raised Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Capitala Finance presently has a consensus rating of “Hold” and an average price target of $13.50.

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

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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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