Capitala Finance Corp. (CPTA) Stock Rating Lowered by Zacks Investment Research
Capitala Finance Corp. (NASDAQ:CPTA) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.
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. “
CPTA has been the subject of a number of other research reports. FBR & Co raised their price target on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “market perform” rating in a report on Tuesday, May 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price target on shares of Capitala Finance Corp. in a report on Friday, April 28th. Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday. Wunderlich raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $14.50 to $15.50 in a report on Monday, May 15th. Finally, TheStreet lowered shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.44.
Capitala Finance Corp. (NASDAQ:CPTA) traded down 0.11% during midday trading on Friday, reaching $8.98. The company’s stock had a trading volume of 341,094 shares. The firm has a 50-day moving average price of $12.87 and a 200 day moving average price of $13.69. Capitala Finance Corp. has a 52-week low of $8.82 and a 52-week high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.33. The company had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. Equities analysts forecast that Capitala Finance Corp. will post $1.36 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in Capitala Finance Corp. during the first quarter valued at approximately $309,000. Sumitomo Mitsui Asset Management Company LTD boosted 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 boosted 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 bought a new stake in Capitala Finance Corp. during the first quarter valued at approximately $200,000. Finally, Eagle Global Advisors LLC boosted 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. 28.58% of the stock is currently owned by institutional investors and hedge funds.
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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