Capitala Finance (NASDAQ:CPTA) Downgraded by ValuEngine

ValuEngine downgraded shares of Capitala Finance (NASDAQ:CPTA) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research cut shares of Capitala Finance from a buy rating to a hold rating in a research report on Tuesday, July 9th.

Shares of CPTA stock traded up $0.03 on Thursday, reaching $9.56. 90,691 shares of the company were exchanged, compared to its average volume of 102,314. The stock has a market capitalization of $154.20 million, a P/E ratio of 9.56 and a beta of 1.13. The firm has a 50-day simple moving average of $9.56. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.46. Capitala Finance has a one year low of $6.46 and a one year high of $9.99.

Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.02. The company had revenue of $12.68 million for the quarter, compared to analysts’ expectations of $11.59 million. Capitala Finance had a negative net margin of 34.43% and a positive return on equity of 7.86%. Equities research analysts predict that Capitala Finance will post 1 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 30th. Investors of record on Tuesday, July 23rd were given a $0.083 dividend. The ex-dividend date was Monday, July 22nd. This represents a $1.00 annualized dividend and a yield of 10.42%. Capitala Finance’s payout ratio is 100.00%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPTA. AJO LP bought a new position in Capitala Finance in the 1st quarter valued at about $234,000. Punch & Associates Investment Management Inc. lifted its position in Capitala Finance by 6.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock valued at $3,073,000 after acquiring an additional 23,235 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in Capitala Finance by 97.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock valued at $370,000 after acquiring an additional 22,909 shares in the last quarter. Virtu Financial LLC bought a new position in Capitala Finance in the 1st quarter valued at about $179,000. Finally, Franklin Street Advisors Inc. NC bought a new position in Capitala Finance in the 1st quarter valued at about $108,000. 16.42% 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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