Capitala Finance Corp (NASDAQ:CPTA) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 40,600 shares, a growth of 7.4% from the June 30th total of 37,800 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 127,000 shares, the days-to-cover ratio is currently 0.3 days.
CPTA stock remained flat at $$8.05 during midday trading on Thursday. 142,566 shares of the company’s stock were exchanged, compared to its average volume of 100,430. The company has a debt-to-equity ratio of 1.77, a current ratio of 4.42 and a quick ratio of 4.42. The stock’s 50 day simple moving average is $9.36 and its 200-day simple moving average is $8.78. Capitala Finance has a 1 year low of $6.46 and a 1 year high of $9.99. The firm has a market capitalization of $129.85 million, a price-to-earnings ratio of 8.05 and a beta of 1.13.
Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. Capitala Finance had a negative net margin of 107.00% and a positive return on equity of 8.44%. The firm had revenue of $11.59 million during the quarter, compared to analysts’ expectations of $12.48 million. On average, research analysts expect that Capitala Finance will post 0.99 EPS for the current year.
Several equities analysts recently weighed in on CPTA shares. Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Monday. ValuEngine cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Monday. Finally, LADENBURG THALM/SH SH cut shares of Capitala Finance from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th.
A number of hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in shares of Capitala Finance in the first quarter valued at approximately $179,000. Regent Investment Management LLC boosted its position in Capitala Finance by 3.2% during the first quarter. Regent Investment Management LLC now owns 79,816 shares of the investment management company’s stock worth $635,000 after purchasing an additional 2,449 shares during the period. Oppenheimer & Co. Inc. boosted its position in Capitala Finance by 97.2% during the first quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock worth $370,000 after purchasing an additional 22,909 shares during the period. AJO LP bought a new position in Capitala Finance during the first quarter worth $234,000. Finally, Punch & Associates Investment Management Inc. boosted its position in Capitala Finance by 6.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock worth $3,073,000 after purchasing an additional 23,235 shares during the period. 16.40% 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.
See Also: Buy Rating
Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.