Two Sigma Investments LP grew its holdings in shares of Capitala Finance (NASDAQ:CPTA) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 180,405 shares of the investment management company’s stock after purchasing an additional 11,512 shares during the period. Two Sigma Investments LP owned approximately 1.13% of Capitala Finance worth $1,313,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its position in Capitala Finance by 48.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock worth $265,000 after purchasing an additional 11,935 shares during the period. Regent Investment Management LLC increased its position in Capitala Finance by 27.5% during the 4th quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock worth $408,000 after purchasing an additional 12,100 shares during the period. Geode Capital Management LLC acquired a new position in Capitala Finance during the 4th quarter worth approximately $121,000. Ares Management LLC increased its position in Capitala Finance by 13.3% during the 4th quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock worth $1,503,000 after purchasing an additional 24,242 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in Capitala Finance by 27.0% during the 4th quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock worth $953,000 after purchasing an additional 27,812 shares during the period. Institutional investors own 17.52% of the company’s stock.
A number of equities research analysts recently weighed in on CPTA shares. ValuEngine cut Capitala Finance from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a report on Friday, January 12th. 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 stock has a consensus rating of “Hold” and an average target price of $13.50.
Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The firm had revenue of $9.96 million during 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 research analysts forecast that Capitala Finance will post 1.08 earnings per share for the current fiscal year.
The company 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 12.70%. The ex-dividend date is Tuesday, June 19th. Capitala Finance’s dividend payout ratio is currently 102.04%.
In other news, Director Larry W. Carroll purchased 3,409 shares of the stock in a transaction that occurred on Thursday, March 22nd. The shares were acquired at an average price of $7.80 per share, for a total transaction of $26,590.20. Following 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 legal filing with the SEC, which is available through this hyperlink. Corporate 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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