Capitala Finance (NASDAQ:CPTA) is set to announce its earnings results after the market closes on Tuesday, February 27th. Analysts expect the company to announce earnings of $0.27 per share for the quarter.
Shares of Capitala Finance (CPTA) opened at $7.39 on Tuesday. The company has a market capitalization of $117.77, a PE ratio of 67.18 and a beta of 1.01. 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 quick ratio of 21.58 and a current ratio of 21.58.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Tuesday, February 20th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.53%. The ex-dividend date is Friday, February 16th. Capitala Finance’s dividend payout ratio is presently 909.09%.
A number of analysts recently commented on CPTA shares. Zacks Investment Research cut Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $9.50 price objective on shares of Capitala Finance in a research report on Friday, November 10th. Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a research report on Monday, November 20th. Six analysts have rated the stock with a hold rating and one has issued 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.
In other Capitala Finance news, Director Larry W. Carroll purchased 10,000 shares of the stock in a transaction on Thursday, December 21st. The stock was bought at an average price of $7.50 per share, for a total transaction of $75,000.00. Following the acquisition, the director now directly owns 130,000 shares of the company’s stock, valued at $975,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 20,520 shares of company stock valued at $155,162 in the last 90 days. 8.40% of the stock is owned by company insiders.
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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.
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