Capitala Finance Corp (NASDAQ:CPTA) Director Larry W. Carroll purchased 3,409 shares of the stock in a transaction that occurred on Thursday, March 22nd. The stock was bought 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 owns 133,409 shares in the company, valued at approximately $1,040,590.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CPTA stock remained flat at $$7.80 during midday trading on Friday. 19,152 shares of the company’s stock were exchanged, compared to its average volume of 102,386. Capitala Finance Corp has a 12 month low of $6.88 and a 12 month high of $14.48. The stock has a market capitalization of $124.48, a price-to-earnings ratio of -17.73 and a beta of 1.07. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.65 and a current ratio of 2.65.
Capitala Finance (NASDAQ:CPTA) last announced its earnings results on Tuesday, February 27th. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $9.96 million for the quarter, compared to analyst estimates of $12.02 million. Capitala Finance had a negative net margin of 14.13% and a positive return on equity of 6.64%. analysts predict that Capitala Finance Corp will post 1.08 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in shares of Capitala Finance during the fourth quarter valued at about $121,000. Oppenheimer & Co. Inc. lifted its holdings in Capitala Finance by 48.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock worth $265,000 after acquiring an additional 11,935 shares during the last quarter. Regent Investment Management LLC lifted its holdings in 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 worth $408,000 after acquiring an additional 12,100 shares during the last quarter. Bramshill Investments LLC bought a new position in Capitala Finance in the fourth quarter worth about $507,000. Finally, Carroll Financial Associates Inc. lifted its holdings in 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 worth $953,000 after acquiring an additional 27,812 shares during the last quarter. Institutional investors own 17.29% of the company’s stock.
Several brokerages recently issued reports on CPTA. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. 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. Capitala Finance currently has a consensus rating of “Hold” and an average target price of $13.50.
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About Capitala Finance
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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