ValuEngine upgraded shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a buy rating in a research report report published on Thursday, March 1st.
Several other research firms have also recently weighed in on CPTA. Zacks Investment Research cut Capitala Finance from a hold rating to a sell rating in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. Finally, Jefferies Group lowered Capitala Finance from a buy rating to a hold rating in a research report on Thursday, November 16th. One 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’s stock. The company presently has an average rating of Hold and an average price target of $13.50.
Shares of Capitala Finance stock opened at $7.97 on Thursday. The firm has a market capitalization of $127.19, a P/E ratio of -18.11 and a beta of 1.07. Capitala Finance has a 52 week low of $6.88 and a 52 week high of $14.60. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.65 and a current ratio of 2.65.
The company also recently declared a monthly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a yield of 12.54%. The ex-dividend date of this dividend was Friday, February 16th. Capitala Finance’s dividend payout ratio (DPR) is -227.27%.
In other news, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were bought at an average price of $7.50 per share, with a total value of $75,000.00. Following the completion of the transaction, the director now directly owns 130,000 shares in the company, valued at approximately $975,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.40% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Two Sigma Investments LP increased its holdings in shares of Capitala Finance by 6.8% in the fourth quarter. Two Sigma Investments LP now owns 180,405 shares of the investment management company’s stock valued at $1,313,000 after purchasing an additional 11,512 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Capitala Finance by 48.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock valued at $265,000 after purchasing an additional 11,935 shares during the period. Regent Investment Management LLC increased its holdings in shares of Capitala Finance by 27.5% in the fourth quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock valued at $408,000 after purchasing an additional 12,100 shares during the period. Geode Capital Management LLC acquired a new position in shares of Capitala Finance in the fourth quarter valued at approximately $121,000. Finally, Ares Management LLC increased its holdings in shares of Capitala Finance by 13.3% in the fourth quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock valued at $1,503,000 after purchasing an additional 24,242 shares during the period. 17.29% of the stock is currently owned by institutional investors.
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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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