Capitala Finance Corp. (CPTA) To Go Ex-Dividend on October 19th
Capitala Finance Corp. (NASDAQ:CPTA) announced a monthly dividend on Friday, September 23rd. Stockholders of record on Friday, October 21st will be given a dividend of 0.13 per share by the investment management company on Friday, October 28th. This represents a $1.56 annualized dividend and a dividend yield of 11.63%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.41 on Friday. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80. The stock’s 50 day moving average is $14.16 and its 200 day moving average is $13.97.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.47 EPS for the quarter, hitting the consensus estimate 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 expect that Capitala Finance Corp. will post $1.84 EPS for the current fiscal year.
An institutional investor recently bought a new position in Capitala Finance Corp. stock. Nuveen Fund Advisors LLC purchased a new position in shares of Capitala Finance Corp. (NASDAQ:CPTA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 72,811 shares of the investment management company’s stock, valued at approximately $1,019,000. Hedge funds and other institutional investors own 22.84% of the company’s stock.
CPTA has been the topic of several recent analyst reports. Wunderlich lowered shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.50 to $14.50 in a report on Friday, September 23rd. Ladenburg Thalmann upgraded shares of Capitala Finance Corp. from a “neutral” rating to a “buy” rating and set a $14.75 target price on the stock in a report on Thursday, October 6th. Zacks Investment Research upgraded shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. JMP Securities lowered shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, September 23rd. Finally, FBR & Co increased their target price on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a report on Wednesday, August 10th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $16.00.
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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