Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Friday, September 23rd. Stockholders of record on Friday, October 21st will be paid a dividend of 0.13 per share by the investment management company on Friday, October 28th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.87%. The ex-dividend date is Wednesday, October 19th.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.14 on Tuesday. The stock has a 50 day moving average of $14.07 and a 200-day moving average of $14.02. Capitala Finance Corp. has a one year low of $9.54 and a one year high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 11.23%. Equities analysts expect that Capitala Finance Corp. will post $1.84 earnings per share for the current year.
A hedge fund recently raised its stake in Capitala Finance Corp. stock. BlackRock Group LTD increased its position in shares of Capitala Finance Corp. (NASDAQ:CPTA) by 14.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 84,564 shares of the investment management company’s stock after buying an additional 10,753 shares during the period. BlackRock Group LTD’s holdings in Capitala Finance Corp. were worth $1,184,000 as of its most recent SEC filing. Institutional investors and hedge funds own 22.82% of the company’s stock.
A number of research firms have commented on CPTA. Zacks Investment Research raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, July 12th. JMP Securities downgraded shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, September 23rd. FBR & Co lifted their price objective on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a report on Wednesday, August 10th. Deutsche Bank AG lifted their price objective on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a report on Friday, August 12th. Finally, Ladenburg Thalmann raised shares of Capitala Finance Corp. from a “neutral” rating to a “buy” rating and set a $14.75 price objective for the company in a report on Thursday, October 6th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.00.
About Capitala Finance Corp.
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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