Published On: Fri, Sep 23rd, 2016

FBR & Co Reaffirms “Market Perform” Rating for Capitala Finance Corp. (CPTA)

Capitala Finance Corp. (NASDAQ:CPTA)‘s stock had its “market perform” rating reissued by FBR & Co in a report released on Friday.
A number of other brokerages have also issued reports on CPTA. Zacks Investment Research lowered shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Barclays PLC set a $15.00 price target on shares of Capitala Finance Corp. and gave the stock a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG lifted their price target on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research note on Friday, August 12th. JMP Securities lowered shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday. Finally, Wunderlich lowered shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.50 to $14.50 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Capitala Finance Corp. presently has an average rating of “Hold” and an average price target of $16.13.

Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 14.57 on Friday. The stock has a 50 day moving average of $14.90 and a 200 day moving average of $13.80. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80.

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Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 11.23%. On average, equities research analysts forecast that Capitala Finance Corp. will post $1.87 earnings per share for the current year.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 30th. Investors of record on Monday, August 22nd were issued a $0.1567 dividend. This represents a $1.88 annualized dividend and a yield of 12.91%. The ex-dividend date was Thursday, August 18th. Capitala Finance Corp.’s payout ratio is currently 1,709.09%.
A number of large investors have recently bought and sold shares of CPTA. Advisors Asset Management Inc. increased its stake in Capitala Finance Corp. by 12.6% in the second quarter. Advisors Asset Management Inc. now owns 791,589 shares of the investment management company’s stock valued at $11,082,000 after buying an additional 88,295 shares during the last quarter. BlackRock Group LTD increased its stake in shares of Capitala Finance Corp. by 14.6% in the second quarter. BlackRock Group LTD now owns 84,564 shares of the investment management company’s stock worth $1,184,000 after buying an additional 10,753 shares during the last quarter. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Capitala Finance Corp. during the second quarter worth $1,019,000. 22.84% of the stock is owned by institutional investors and hedge funds.
Capitala Finance Corp. Company Profile
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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