Capitala Finance Corp (CPTA) Declares Monthly Dividend of $0.08
Capitala Finance Corp (NASDAQ:CPTA) announced a monthly dividend on Tuesday, January 2nd, Zacks reports. Shareholders of record on Monday, January 22nd will be paid a dividend of 0.083 per share by the investment management company on Tuesday, January 30th. This represents a $1.00 annualized dividend and a dividend yield of 13.33%. The ex-dividend date is Friday, January 19th.
Shares of Capitala Finance (NASDAQ CPTA) traded up $0.19 during midday trading on Wednesday, hitting $7.47. 182,100 shares of the company’s stock traded hands, compared to its average volume of 303,250. The stock has a market cap of $119.84, a price-to-earnings ratio of 67.91 and a beta of 0.97. Capitala Finance has a 52 week low of $7.12 and a 52 week high of $14.65. The company has a quick ratio of 21.58, a current ratio of 21.58 and a debt-to-equity ratio of 1.29.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.42 million. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. equities research analysts forecast that Capitala Finance will post 0.98 earnings per share for the current year.
In other news, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was acquired at an average price of $7.50 per share, with a total value of $75,000.00. Following the purchase, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $975,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph B. Alala III purchased 89,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $7.77 per share, with a total value of $691,530.00. Following the purchase, the insider now directly owns 9,611 shares in the company, valued at $74,677.47. The disclosure for this purchase can be found here. Insiders have bought a total of 119,520 shares of company stock valued at $922,892 in the last ninety days. Corporate insiders own 8.40% of the company’s stock.
Several equities research analysts have commented on CPTA shares. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group restated a “buy” rating and set a $14.00 target price on shares of Capitala Finance in a research report on Friday, September 22nd. ValuEngine upgraded shares of Capitala Finance from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $9.50 target price on shares of Capitala Finance in a research report on Friday, November 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Capitala Finance currently has an average rating of “Hold” and an average target price of $13.50.
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About Capitala Finance
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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