Capitala Finance Corp. (CPTA) Director Acquires $76,200.00 in Stock
Capitala Finance Corp. (NASDAQ:CPTA) Director Larry W. Carroll purchased 10,000 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the acquisition, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $914,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Capitala Finance Corp. (NASDAQ:CPTA) traded down $0.04 during trading hours on Thursday, reaching $7.76. The company had a trading volume of 118,100 shares, compared to its average volume of 117,729. The firm has a market capitalization of $124.31, a price-to-earnings ratio of 6.84 and a beta of 1.02. Capitala Finance Corp. has a 1 year low of $7.40 and a 1 year high of $14.65. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29.
Capitala Finance (NASDAQ:CPTA) last released its earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.42 million. Capitala Finance had a return on equity of 7.49% and a net margin of 3.04%. equities analysts anticipate that Capitala Finance Corp. will post 0.98 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.88%. The ex-dividend date is Tuesday, December 19th. Capitala Finance’s payout ratio is currently 909.17%.
Large investors have recently added to or reduced their stakes in the stock. BB&T Securities LLC boosted its position in shares of Capitala Finance by 24.8% in the 3rd quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock valued at $1,980,000 after purchasing an additional 41,262 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Capitala Finance in the 2nd quarter valued at $454,000. Carroll Financial Associates Inc. boosted its position in shares of Capitala Finance by 28.9% in the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock valued at $941,000 after purchasing an additional 23,133 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Capitala Finance by 160.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock valued at $496,000 after purchasing an additional 21,265 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Capitala Finance by 396.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 19,650 shares during the period. 19.30% of the stock is currently owned by hedge funds and other institutional investors.
CPTA has been the topic of a number of research analyst reports. Zacks Investment Research raised Capitala Finance from a “strong sell” rating to a “hold” rating in a report on Friday, November 17th. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group reissued a “buy” rating and set a $14.00 price target on shares of Capitala Finance in a report on Friday, September 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $9.50 price target on shares of Capitala Finance in a report on Friday, November 10th. Finally, Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of Capitala Finance in a report on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.50.
Capitala Finance 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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