Jefferies Group LLC downgraded shares of Capitala Finance Corp. (NASDAQ:CPTA) from a buy rating to a hold rating in a research note issued to investors on Thursday, Marketbeat reports. Jefferies Group also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.26 EPS and FY2017 earnings at $0.97 EPS.
CPTA has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated a hold rating and set a $9.50 target price on shares of Capitala Finance Corp. in a research report on Friday, November 10th. Zacks Investment Research cut Capitala Finance Corp. from a hold rating to a sell rating in a research report on Wednesday, November 8th. Ladenburg Thalmann Financial Services reiterated a neutral rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. TheStreet cut Capitala Finance Corp. from a b- rating to a c+ rating in a research report on Tuesday, August 8th. Finally, ValuEngine cut Capitala Finance Corp. from a buy rating to a hold rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $13.50.
Capitala Finance Corp. (NASDAQ:CPTA) traded up $0.01 during trading hours on Thursday, hitting $7.61. The company had a trading volume of 237,126 shares, compared to its average volume of 177,494. 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 $7.43 and a 12-month high of $14.65. The stock has a market capitalization of $121.28, a PE ratio of 6.68 and a beta of 1.07.
Capitala Finance Corp. (NASDAQ:CPTA) last released its earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. The firm had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.42 million. research analysts predict that Capitala Finance Corp. will post 0.98 EPS for the current year.
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The company also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a yield of 13.14%. The ex-dividend date is Tuesday, December 19th. Capitala Finance Corp.’s dividend payout ratio is presently 909.17%.
In other news, insider Joseph B. Alala III purchased 89,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the acquisition, the insider now directly owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $7.62 per share, with a total value of $76,200.00. Following the acquisition, the director now directly owns 110,000 shares in the company, valued at $838,200. The disclosure for this purchase can be found here. Insiders have acquired a total of 99,200 shares of company stock valued at $769,552 in the last 90 days. 8.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPTA. Russell Investments Group Ltd. purchased a new position in Capitala Finance Corp. during the 2nd quarter valued at approximately $149,000. GSA Capital Partners LLP purchased a new position in Capitala Finance Corp. during the 2nd quarter valued at approximately $150,000. JPMorgan Chase & Co. grew its holdings in Capitala Finance Corp. by 396.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock valued at $320,000 after buying an additional 19,650 shares in the last quarter. Eagle Global Advisors LLC grew its holdings in Capitala Finance Corp. by 12.7% during the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock valued at $393,000 after buying an additional 3,400 shares in the last quarter. Finally, Regent Investment Management LLC grew its holdings in Capitala Finance Corp. by 8.4% during the 2nd quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock valued at $437,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 25.77% of the company’s stock.
Capitala Finance Corp. 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.
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