Capitala Finance Corp. (CPTA) Insider Purchases $39,996.00 in Stock
Capitala Finance Corp. (NASDAQ:CPTA) insider John F. Mcglinn purchased 4,444 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $9.00 per share, with a total value of $39,996.00. Following the completion of the purchase, the insider now owns 112,485 shares of the company’s stock, valued at $1,012,365. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Capitala Finance Corp. (NASDAQ CPTA) traded up 1.08% during midday trading on Tuesday, reaching $9.32. 217,162 shares of the company’s stock were exchanged. Capitala Finance Corp. has a 12-month low of $8.82 and a 12-month high of $15.80. The stock’s 50 day moving average price is $12.63 and its 200 day moving average price is $13.62.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 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 during the quarter, compared to the consensus estimate of $15.11 million. Analysts anticipate that Capitala Finance Corp. will post $1.27 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Wednesday, August 23rd will be issued a $0.13 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.56 annualized dividend and a dividend yield of 16.74%. Capitala Finance Corp.’s dividend payout ratio is currently 458.82%.
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Several large investors have recently bought and sold shares of CPTA. Acadian Asset Management LLC acquired a new stake in Capitala Finance Corp. during the first quarter valued at approximately $309,000. Sumitomo Mitsui Asset Management Company LTD raised its stake in Capitala Finance Corp. by 74.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,592 shares of the investment management company’s stock valued at $5,235,000 after buying an additional 155,815 shares in the last quarter. Armor Investment Advisors LLC raised its stake in Capitala Finance Corp. by 12.7% in the first quarter. Armor Investment Advisors LLC now owns 34,677 shares of the investment management company’s stock valued at $498,000 after buying an additional 3,900 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in Capitala Finance Corp. during the first quarter valued at approximately $200,000. Finally, Eagle Global Advisors LLC raised its stake 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 valued at $384,000 after buying an additional 7,168 shares in the last quarter. Institutional investors and hedge funds own 28.29% of the company’s stock.
A number of research firms recently issued reports on CPTA. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Zacks Investment Research downgraded shares of Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday. Keefe, Bruyette & Woods set a $15.00 price target on shares of Capitala Finance Corp. and gave the stock a “hold” rating in a research note on Wednesday, May 31st. Wunderlich raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and increased their price target for the stock from $14.50 to $15.50 in a research note on Monday, May 15th. Finally, FBR & Co increased their price target on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.32.
About Capitala Finance Corp.
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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