Advisors Asset Management Inc. cut its position in shares of Capitala Finance Corp. (NASDAQ:CPTA) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 414,300 shares of the investment management company’s stock after selling 103,455 shares during the quarter. Advisors Asset Management Inc. owned approximately 2.60% of Capitala Finance Corp. worth $3,952,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in Capitala Finance Corp. by 160.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after acquiring an additional 21,265 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Capitala Finance Corp. during the 2nd quarter worth approximately $149,000. Acadian Asset Management LLC grew its position in Capitala Finance Corp. by 73.1% during the 2nd quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock worth $483,000 after acquiring an additional 15,716 shares during the last quarter. Eagle Global Advisors LLC grew its position in Capitala Finance Corp. by 12.7% during the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after acquiring an additional 3,400 shares during the last quarter. Finally, BB&T Securities LLC grew its position in Capitala Finance Corp. by 21.4% during the 2nd quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after acquiring an additional 29,274 shares during the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.

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In other Capitala Finance Corp. news, Director Larry W. Carroll acquired 10,000 shares of the company’s stock in a transaction on Monday, November 13th. The stock was acquired at an average price of $7.62 per share, for a total transaction of $76,200.00. Following the acquisition, the director now owns 110,000 shares in the company, valued at approximately $838,200. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph B. Alala III acquired 89,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $7.77 per share, with a total value of $691,530.00. Following the acquisition, the insider now owns 9,611 shares in the company, valued at approximately $74,677.47. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 99,200 shares of company stock valued at $769,552. Company insiders own 8.40% of the company’s stock.

Shares of Capitala Finance Corp. (CPTA) opened at $7.75 on Thursday. Capitala Finance Corp. has a fifty-two week low of $7.40 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. The firm has a market capitalization of $119.84, a P/E ratio of 6.60 and a beta of 1.07.

Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, hitting the consensus estimate of $0.28. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. The business had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.42 million. sell-side analysts forecast that Capitala Finance Corp. will post 0.98 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be issued a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 12.90%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is currently 909.17%.

CPTA has been the topic of several recent research reports. TheStreet lowered Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. ValuEngine lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC restated a “buy” rating and set a $14.00 price target on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.50.

Capitala Finance Corp. Company Profile

Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.

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Institutional Ownership by Quarter for Capitala Finance Corp. (NASDAQ:CPTA)

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