Capitala Finance Corp. (CPTA) Downgraded to C+ at TheStreet
Capitala Finance Corp. (NASDAQ:CPTA) was downgraded by investment analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Tuesday.
Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods set a $15.00 price target on Capitala Finance Corp. and gave the company a “hold” rating in a report on Wednesday, May 31st. Wunderlich raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.50 to $15.50 in a report on Monday, May 15th. FBR & Co lifted their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “market perform” rating in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price on shares of Capitala Finance Corp. in a report on Wednesday, April 19th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.44.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 9.77 on Tuesday. The stock has a 50 day moving average of $13.00 and a 200-day moving average of $13.73. Capitala Finance Corp. has a 52 week low of $9.46 and a 52 week high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.33. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. The business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. On average, equities research analysts forecast that Capitala Finance Corp. will post $1.43 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Capitala Finance Corp. during the second quarter worth about $149,000. Nine Chapters Capital Management LLC acquired a new position in Capitala Finance Corp. during the first quarter worth about $200,000. Acadian Asset Management LLC acquired a new position in Capitala Finance Corp. during the first quarter worth about $309,000. JPMorgan Chase & Co. boosted its position in Capitala Finance Corp. by 396.2% in 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. Finally, Eagle Global Advisors LLC boosted its position in Capitala Finance Corp. by 36.6% in the first quarter. Eagle Global Advisors LLC now owns 26,771 shares of the investment management company’s stock worth $384,000 after buying an additional 7,168 shares in the last quarter. Hedge funds and other institutional investors own 28.58% 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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