Two Sigma Advisers LP grew its holdings in Capitala Finance (NASDAQ:CPTA) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,009 shares of the investment management company’s stock after purchasing an additional 46,946 shares during the quarter. Two Sigma Advisers LP owned about 1.39% of Capitala Finance worth $1,616,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of CPTA. Carroll Financial Associates Inc. lifted its stake in shares of Capitala Finance by 27.0% in the fourth quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock valued at $953,000 after buying an additional 27,812 shares during the period. Regent Investment Management LLC lifted its stake 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 buying an additional 12,100 shares during the period. Oppenheimer & Co. Inc. lifted its stake 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 buying an additional 11,935 shares during the period. Geode Capital Management LLC bought a new stake in shares of Capitala Finance in the fourth quarter valued at about $121,000. Finally, Ares Management LLC lifted its stake 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 buying an additional 24,242 shares during the period. 17.55% of the stock is currently owned by institutional investors.
NASDAQ CPTA opened at $8.11 on Wednesday. The company has a market cap of $127.19, a PE ratio of 8.28 and a beta of 0.95. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.65 and a quick ratio of 2.65. Capitala Finance has a 1-year low of $6.88 and a 1-year high of $14.30.
Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.01). The firm had revenue of $9.96 million for the quarter, compared to analyst estimates of $12.02 million. Capitala Finance had a positive return on equity of 6.64% and a negative net margin of 14.13%. equities analysts predict that Capitala Finance will post 1.08 earnings per share for the current year.
The business also recently declared a monthly dividend, which will be paid on Thursday, June 28th. Investors of record on Wednesday, June 20th will be issued a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.33%. The ex-dividend date is Tuesday, June 19th. Capitala Finance’s dividend payout ratio is currently 102.04%.
A number of research analysts have commented on CPTA shares. ValuEngine cut shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $13.50.
In related news, Director Larry W. Carroll purchased 3,409 shares of the stock in a transaction that occurred 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 acquisition, the director now directly owns 133,409 shares in the company, valued at approximately $1,040,590.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 9.10% of the company’s stock.
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Capitala Finance 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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