Capitala Finance (NASDAQ:CPTA) announced a monthly dividend on Monday, April 2nd, Zacks reports. Shareholders of record on Thursday, April 19th will be paid a dividend of 0.083 per share by the investment management company on Friday, April 27th. This represents a $1.00 annualized dividend and a yield of 12.72%. The ex-dividend date is Wednesday, April 18th.
Shares of CPTA opened at $7.83 on Friday. The company has a market capitalization of $124.64, a price-to-earnings ratio of 7.99 and a beta of 0.95. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 1.31. Capitala Finance has a 1 year low of $6.88 and a 1 year high of $14.30.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Tuesday, February 27th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $9.96 million during the quarter, compared to analysts’ expectations of $12.02 million. Capitala Finance had a positive return on equity of 6.64% and a negative net margin of 14.13%. sell-side analysts anticipate that Capitala Finance will post 1.08 earnings per share for the current fiscal year.
CPTA has been the subject of several research reports. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. One investment 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 an average rating of “Hold” and an average price target of $13.50.
In other news, Director Larry W. Carroll bought 3,409 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was acquired at an average price of $7.80 per share, with a total value of $26,590.20. Following the completion of the purchase, the director now directly owns 133,409 shares in the company, valued at $1,040,590.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.10% of the stock is owned by corporate insiders.
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Capitala Finance Company Profile
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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