Shares of Capitala Finance Corp (NASDAQ:CPTA) fell 13% during mid-day trading on Tuesday . The company traded as low as $8.10 and last traded at $8.11, 708,119 shares traded hands during trading. An increase of 634% from the average session volume of 96,455 shares. The stock had previously closed at $9.32.
A number of research firms recently issued reports on CPTA. ValuEngine cut shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, LADENBURG THALM/SH SH cut shares of Capitala Finance from a “buy” rating to a “neutral” rating in a research report on Tuesday.
The business has a 50-day moving average of $9.55. The company has a market cap of $130.54 million, a price-to-earnings ratio of 8.11 and a beta of 1.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.13 and a quick ratio of 1.13.
The business also recently disclosed a dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 22nd will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Wednesday, August 21st. Capitala Finance’s dividend payout ratio is 100.00%.
A number of hedge funds have recently added to or reduced their stakes in CPTA. Regent Investment Management LLC increased its position in Capitala Finance by 3.2% in the 1st quarter. Regent Investment Management LLC now owns 79,816 shares of the investment management company’s stock valued at $635,000 after acquiring an additional 2,449 shares during the period. Eidelman Virant Capital acquired a new position in Capitala Finance in the 2nd quarter valued at approximately $94,000. Franklin Street Advisors Inc. NC acquired a new position in Capitala Finance in the 1st quarter valued at approximately $108,000. Virtu Financial LLC acquired a new position in Capitala Finance in the 1st quarter valued at approximately $179,000. Finally, Oppenheimer & Co. Inc. increased 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 during the period. Institutional investors and hedge funds own 16.42% of the company’s stock.
Capitala Finance Company Profile (NASDAQ:CPTA)
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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