Capitala Finance Corp. (CPTA) To Go Ex-Dividend on October 20th
Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Monday, October 23rd will be given a dividend of 0.0833 per share by the investment management company on Monday, October 30th. This represents a $1.00 annualized dividend and a dividend yield of 10.90%. The ex-dividend date of this dividend is Friday, October 20th.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 9.17 on Friday. The stock’s 50 day moving average price is $9.17 and its 200 day moving average price is $12.08. Capitala Finance Corp. has a 1-year low of $8.67 and a 1-year high of $14.65.
Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings data on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million. On average, equities analysts anticipate that Capitala Finance Corp. will post $1.17 EPS for the current fiscal year.
In other news, insider John F. Mcglinn bought 4,444 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was acquired at an average price of $9.00 per share, with a total value of $39,996.00. Following the transaction, the insider now owns 112,485 shares of the company’s stock, valued at approximately $1,012,365. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Markham Hunt Broyhill bought 5,098 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $11.00 per share, with a total value of $56,078.00. Following the transaction, the director now directly owns 81,038 shares in the company, valued at approximately $891,418. The disclosure for this purchase can be found here. Insiders have acquired a total of 30,842 shares of company stock valued at $290,851 in the last three months. Insiders own 8.40% of the company’s stock.
Several research analysts have recently issued reports on the company. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance Corp. in a research note on Thursday, August 10th. Zacks Investment Research raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance Corp. in a research note on Friday, September 22nd. Finally, ValuEngine downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.92.
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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