Capitala Finance (NASDAQ:CPTA) Downgraded to Sell at ValuEngine

Capitala Finance (NASDAQ:CPTA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, ValuEngine reports.

Other research analysts have also issued reports about the stock. LADENBURG THALM/SH SH lowered shares of Capitala Finance from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Monday.

Capitala Finance stock traded down $0.13 during midday trading on Monday, reaching $8.01. 189,884 shares of the stock traded hands, compared to its average volume of 99,255. The company has a current ratio of 4.42, a quick ratio of 1.13 and a debt-to-equity ratio of 1.77. The stock has a fifty day moving average price of $9.42. The firm has a market cap of $129.20 million, a price-to-earnings ratio of 8.01 and a beta of 1.13. Capitala Finance has a fifty-two week low of $6.46 and a fifty-two week high of $9.99.

Capitala Finance (NASDAQ:CPTA) last posted its earnings results on Monday, August 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $11.59 million during the quarter, compared to analyst estimates of $12.48 million. Capitala Finance had a negative net margin of 107.00% and a positive return on equity of 8.44%. On average, research analysts expect that Capitala Finance will post 0.99 EPS for the current year.

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $27,000. Eidelman Virant Capital acquired a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $94,000. Franklin Street Advisors Inc. NC acquired a new stake in shares of Capitala Finance in the 1st quarter worth approximately $108,000. Virtu Financial LLC acquired a new stake in shares of Capitala Finance in the 1st quarter worth approximately $179,000. Finally, AJO LP acquired a new stake in shares of Capitala Finance in the 1st quarter worth approximately $234,000. 16.42% of the stock is owned by 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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