Shares of Capitala Finance Corp (NASDAQ:CPTA) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.33.
Several equities research analysts have recently issued reports on CPTA shares. Zacks Investment Research raised Capitala Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.50 target price on shares of Capitala Finance in a report on Friday, November 10th. Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a report on Monday, November 20th.
In related news, Director Larry W. Carroll acquired 10,000 shares of Capitala Finance stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $7.62 per share, with a total value of $76,200.00. Following the completion of the purchase, the director now directly owns 110,000 shares of the company’s stock, valued at approximately $838,200. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph B. Alala III acquired 89,000 shares of Capitala Finance stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $7.77 per share, for a total transaction of $691,530.00. Following the completion of the purchase, the insider now directly owns 9,611 shares of the company’s stock, valued at $74,677.47. The disclosure for this purchase can be found here. Insiders have acquired 119,520 shares of company stock worth $922,892 over the last three months. 8.40% of the stock is currently owned by insiders.
Capitala Finance (CPTA) opened at $7.71 on Friday. Capitala Finance has a 52-week low of $7.12 and a 52-week high of $14.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. The company has a market capitalization of $121.92, a PE ratio of 70.09 and a beta of 1.01.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Capitala Finance had a return on equity of 7.49% and a net margin of 3.04%. The firm 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 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.0833 per share. The ex-dividend date is Friday, February 16th. This represents a $1.00 annualized dividend and a yield of 12.96%. Capitala Finance’s payout ratio is currently 909.09%.
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.
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