ValuEngine Lowers Capitala Finance (NASDAQ:CPTA) to Sell

ValuEngine cut shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a sell rating in a report issued on Monday morning, ValuEngine reports.

A number of other research firms have also commented on CPTA. Zacks Investment Research lowered shares of Capitala Finance from a hold rating to a sell rating in a research report on Monday. LADENBURG THALM/SH SH lowered shares of Capitala Finance from a buy rating to a neutral rating in a research report on Tuesday, August 6th.

NASDAQ:CPTA opened at $8.05 on Monday. Capitala Finance has a 12 month low of $6.46 and a 12 month high of $9.99. The firm has a market cap of $130.01 million, a price-to-earnings ratio of 8.05 and a beta of 1.13. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.77. The company’s 50 day moving average is $9.36 and its 200-day moving average is $8.78.

Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Capitala Finance had a negative net margin of 107.00% and a positive return on equity of 8.44%. The company had revenue of $11.59 million for the quarter, compared to analyst estimates of $12.48 million. Research analysts predict that Capitala Finance will post 0.99 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 22nd will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Wednesday, August 21st. Capitala Finance’s dividend payout ratio (DPR) is currently 100.00%.

A number of hedge funds have recently made changes to their positions in CPTA. BlackRock Inc. bought a new stake in Capitala Finance during the second quarter worth approximately $437,000. Virtus ETF Advisers LLC bought a new position in shares of Capitala Finance during the second quarter valued at approximately $1,985,000. Acadian Asset Management LLC grew its stake in shares of Capitala Finance by 119.6% during the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock valued at $309,000 after buying an additional 17,854 shares during the last quarter. BB&T Securities LLC grew its stake in shares of Capitala Finance by 12.2% during the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock valued at $903,000 after buying an additional 10,381 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new position in shares of Capitala Finance during the second quarter valued at approximately $27,000. 16.40% of the stock is currently owned by institutional investors and hedge funds.

About Capitala Finance

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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