Capitala Finance Corp. (NASDAQ:CPTA) was downgraded by investment analysts at Oppenheimer Holdings Inc. to a “market perform” rating in a research report issued on Thursday.

Several other analysts have also issued reports on CPTA. Zacks Investment Research lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. FBR & Co boosted their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 10th. Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG boosted their target price on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research note on Friday, August 12th. Finally, JMP Securities lowered Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.85.

Analyst Recommendations for Capitala Finance Corp. (NASDAQ:CPTA)

Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.38 on Thursday. The company has a 50-day moving average price of $13.14 and a 200 day moving average price of $13.96. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80.

Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Capitala Finance Corp. had a positive return on equity of 11.37% and a negative net margin of 11.51%. Equities research analysts predict that Capitala Finance Corp. will post $1.82 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be given a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a yield of 12.60%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s payout ratio is -305.88%.

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. boosted its position 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. Muzinich & Co. Inc. boosted its position in Capitala Finance Corp. by 65.3% in the third quarter. Muzinich & Co. Inc. now owns 208,183 shares of the investment management company’s stock worth $2,729,000 after buying an additional 82,251 shares during the last quarter. Nuveen Fund Advisors LLC purchased a new position in Capitala Finance Corp. during the second quarter worth about $1,019,000. Confluence Investment Management LLC purchased a new position in Capitala Finance Corp. during the third quarter worth about $869,000. Finally, BlackRock Group LTD boosted its position in 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. Institutional investors and hedge funds own 22.68% of the company’s stock.

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.

5 Day Chart for NASDAQ:CPTA

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