Capitala Finance Corp. (CPTA) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Capitala Finance Corp. (NASDAQ:CPTA) from a hold rating to a sell rating in a research note released on Wednesday.
According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “
Several other research analysts also recently commented on CPTA. TheStreet downgraded shares of 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. ValuEngine downgraded shares of 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 objective on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $13.60.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at $7.67 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 2.38. The stock has a market capitalization of $126.38, a P/E ratio of 6.96 and a beta of 1.07. Capitala Finance Corp. has a 12 month low of $7.63 and a 12 month high of $14.65.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 7.49%. The business had revenue of $12.31 million during the quarter, compared to the consensus estimate of $12.42 million. research analysts predict that Capitala Finance Corp. will post 0.95 EPS for the current year.
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The business also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 annualized dividend and a dividend yield of 13.03%. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 909.17%.
In related news, Director Markham Hunt Broyhill purchased 5,098 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $11.00 per share, for a total transaction of $56,078.00. Following the completion of the acquisition, the director now owns 81,038 shares of the company’s stock, valued at $891,418. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 8.40% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Capitala Finance Corp. during the second quarter worth $149,000. GSA Capital Partners LLP acquired a new position in shares of Capitala Finance Corp. during the second quarter worth $150,000. JPMorgan Chase & Co. increased its holdings in shares of Capitala Finance Corp. by 396.2% during the second quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after buying an additional 19,650 shares in the last quarter. Eagle Global Advisors LLC increased its holdings in shares of Capitala Finance Corp. by 12.7% during the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after buying an additional 3,400 shares in the last quarter. Finally, Regent Investment Management LLC increased its holdings in shares of Capitala Finance Corp. by 8.4% during the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 26.54% of the company’s stock.
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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