Short Interest in Capitala Finance Corp (NASDAQ:CPTA) Expands By 7.4%

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.

The business also recently disclosed a dividend, which will be paid on Thursday, August 29th. Shareholders 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 (DPR) is 100.00%.

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.

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