Capitala Finance (NASDAQ:CPTA) Shares Down 13%

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.

Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $11.59 million during the quarter, compared to analysts’ expectations of $12.48 million. Capitala Finance had a negative net margin of 34.43% and a positive return on equity of 7.86%. On average, analysts anticipate that Capitala Finance Corp will post 1 EPS for the current fiscal year.

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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