Capitala Finance Corp (NASDAQ:CPTA) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.0833 per share by the investment management company on Tuesday, February 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.49%. The ex-dividend date is Friday, February 16th.

Shares of Capitala Finance (CPTA) traded down $0.06 during mid-day trading on Wednesday, hitting $7.41. The stock had a trading volume of 110,612 shares, compared to its average volume of 146,356. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $118.09, a PE ratio of 67.36 and a beta of 0.97. Capitala Finance has a twelve month low of $7.12 and a twelve month high of $14.65.

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

In related news, Director Larry W. Carroll bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the acquisition, the director now owns 110,000 shares in the company, valued at approximately $838,200. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Joseph B. Alala III bought 89,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the completion of the acquisition, the insider now owns 9,611 shares in the company, valued at approximately $74,677.47. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 119,520 shares of company stock worth $922,892. Company insiders own 8.40% of the company’s stock.

A number of analysts have issued reports on the company. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research raised Capitala Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research note on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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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.

Dividend History for Capitala Finance (NASDAQ:CPTA)

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