Shares of Capitala Finance (NASDAQ:CPTA) have been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $13.33.
A number of research firms have commented on CPTA. ValuEngine cut shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd.
NASDAQ CPTA traded up $0.22 during trading hours on Monday, reaching $7.94. The company had a trading volume of 143,573 shares, compared to its average volume of 105,588. Capitala Finance has a 1-year low of $6.88 and a 1-year high of $14.43. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market capitalization of $123.20, a P/E ratio of 8.10 and a beta of 0.94.
The business also recently announced a monthly dividend, which was paid on Thursday, March 29th. Shareholders of record on Friday, March 23rd were given a $0.0833 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 12.59%. This is a boost from Capitala Finance’s previous monthly dividend of $0.08. Capitala Finance’s dividend payout ratio is presently 102.04%.
In related news, Director Larry W. Carroll bought 3,409 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were bought at an average price of $7.80 per share, with a total value of $26,590.20. Following the completion of the transaction, the director now directly owns 133,409 shares of the company’s stock, valued at approximately $1,040,590.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.10% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP lifted its position in shares of Capitala Finance by 26.8% during the fourth quarter. Two Sigma Advisers LP now owns 222,009 shares of the investment management company’s stock worth $1,616,000 after purchasing an additional 46,946 shares in the last quarter. BB&T Securities LLC lifted its position in shares of Capitala Finance by 24.8% during the third quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock worth $1,980,000 after purchasing an additional 41,262 shares in the last quarter. Ares Management LLC lifted its position in shares of Capitala Finance by 13.3% during the fourth quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock worth $1,503,000 after purchasing an additional 24,242 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Capitala Finance by 6.8% during the fourth quarter. Two Sigma Investments LP now owns 180,405 shares of the investment management company’s stock worth $1,313,000 after purchasing an additional 11,512 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its position in shares of Capitala Finance by 27.0% during the fourth quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock worth $953,000 after purchasing an additional 27,812 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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