Capitala Finance (CPTA) Upgraded at ValuEngine

ValuEngine upgraded shares of Capitala Finance (NASDAQ:CPTA) from a strong sell rating to a sell rating in a report released on Wednesday morning.

CPTA has been the subject of several other reports. Zacks Investment Research downgraded Capitala Finance from a buy rating to a hold rating in a report on Wednesday, May 2nd. LADENBURG THALM/SH SH raised Capitala Finance from a neutral rating to a buy rating in a report on Tuesday, May 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $10.75.

CPTA stock opened at $8.72 on Wednesday. The company has a market capitalization of $140.33 million, a PE ratio of 8.90 and a beta of 0.97. Capitala Finance has a twelve month low of $6.88 and a twelve month high of $10.00. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.64 and a quick ratio of 1.97.

Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, August 6th. The investment management company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.05). Capitala Finance had a positive return on equity of 7.81% and a negative net margin of 2.68%. The company had revenue of $11.88 million for the quarter, compared to analyst estimates of $12.41 million. sell-side analysts predict that Capitala Finance will post 1.06 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Investors of record on Thursday, August 23rd will be issued a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 11.46%. The ex-dividend date of this dividend is Wednesday, August 22nd. Capitala Finance’s dividend payout ratio is presently 102.04%.

In related news, Director Larry W. Carroll purchased 4,533 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average cost of $8.16 per share, with a total value of $36,989.28. Following the completion of the acquisition, the director now directly owns 140,000 shares in the company, valued at $1,142,400. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 9.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP lifted its holdings in shares of Capitala Finance by 26.8% during the fourth quarter. Two Sigma Advisers LP now owns 222,009 shares of the investment management company’s stock worth $1,616,000 after purchasing an additional 46,946 shares during the period. Ancora Advisors LLC lifted its holdings in shares of Capitala Finance by 20.0% during the first quarter. Ancora Advisors LLC now owns 60,000 shares of the investment management company’s stock worth $463,000 after purchasing an additional 10,000 shares during the period. Geode Capital Management LLC purchased a new position in Capitala Finance in the fourth quarter worth $121,000. Susquehanna Fundamental Investments LLC purchased a new position in Capitala Finance in the first quarter worth $187,000. Finally, Stephens Inc. AR purchased a new position in Capitala Finance in the second quarter worth $597,000. 17.03% of the stock is owned by hedge funds and other institutional investors.

Capitala Finance Company 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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