Capitala Finance Corp. (NASDAQ:CPTA) Director Markham Hunt Broyhill acquired 5,098 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of $11.00 per share, with a total value of $56,078.00. Following the acquisition, the director now directly owns 81,038 shares in the company, valued at $891,418. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Capitala Finance Corp. (NASDAQ CPTA) traded up 1.08% on Tuesday, reaching $9.32. 217,162 shares of the company’s stock were exchanged. Capitala Finance Corp. has a one year low of $8.82 and a one year high of $15.80. The firm has a 50 day moving average of $12.63 and a 200-day moving average of $13.62.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.33. The business had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. On average, equities analysts expect that Capitala Finance Corp. will post $1.27 earnings per share for the current 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 given a dividend of $0.13 per share. 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 presently 458.82%.

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A number of equities research analysts recently weighed in on CPTA shares. Jefferies Group LLC reiterated a “buy” rating and set a $17.00 price objective on shares of Capitala Finance Corp. in a report on Wednesday, April 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 price objective on shares of Capitala Finance Corp. in a report on Friday, April 28th. FBR & Co lifted their price objective 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. Zacks Investment Research lowered shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Finally, Wunderlich upgraded shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $14.50 to $15.50 in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.32.

Hedge funds have recently modified their holdings of the company. Muzinich & Co. Inc. boosted its stake in shares of Capitala Finance Corp. by 70.6% in the first quarter. Muzinich & Co. Inc. now owns 542,130 shares of the investment management company’s stock valued at $7,785,000 after buying an additional 224,330 shares during the period. UBS Group AG boosted its stake in shares of Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock valued at $6,273,000 after buying an additional 56,890 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Capitala Finance Corp. by 2.2% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 374,320 shares of the investment management company’s stock valued at $4,870,000 after buying an additional 8,033 shares during the period. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of 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 during the period. Finally, BB&T Securities LLC boosted its stake in shares of Capitala Finance Corp. by 21.4% in the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock valued at $2,164,000 after buying an additional 29,274 shares during the period. 28.29% 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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