Capitala Finance Corp (NASDAQ:CPTA) announced a monthly dividend on Tuesday, January 2nd, Zacks reports. Shareholders of record on Monday, January 22nd will be paid a dividend of 0.083 per share by the investment management company on Tuesday, January 30th. This represents a $1.00 annualized dividend and a yield of 13.21%. The ex-dividend date of this dividend is Friday, January 19th.
Shares of Capitala Finance (NASDAQ:CPTA) opened at $7.54 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 21.58 and a current ratio of 21.58. Capitala Finance has a 52-week low of $7.12 and a 52-week high of $14.65. The company has a market cap of $120.16, a PE ratio of 68.55 and a beta of 1.02.
Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The firm had revenue of $12.31 million for the quarter, compared to analysts’ expectations of $12.42 million. sell-side analysts anticipate that Capitala Finance will post 0.98 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on CPTA shares. ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research upgraded shares of Capitala Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $9.50 price objective on shares of Capitala Finance in a research note on Friday, November 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.50.
In other news, insider Joseph B. Alala III acquired 89,000 shares of the stock in a transaction dated 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 purchase, the insider now directly owns 9,611 shares of the company’s stock, valued at $74,677.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry W. Carroll acquired 10,000 shares of the stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the purchase, the director now directly owns 120,000 shares in the company, valued at $914,400. The disclosure for this purchase can be found here. Insiders have bought a total of 119,520 shares of company stock worth $922,892 over the last 90 days. 8.40% of the stock is owned by company insiders.
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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.
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