Jefferies Group Analysts Give Capitala Finance Corp. (CPTA) a $17.00 Price Target
Jefferies Group set a $17.00 price objective on Capitala Finance Corp. (NASDAQ:CPTA) in a research note released on Tuesday morning. The brokerage currently has a a buy rating on the investment management company’s stock.
Several other analysts have also weighed in on the company. Deutsche Bank AG boosted their price objective on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a buy rating in a report on Friday, August 12th. Barclays PLC set a $15.00 price objective on Capitala Finance Corp. and gave the company a buy rating in a report on Thursday, August 11th. Zacks Investment Research raised Capitala Finance Corp. from a hold rating to a buy rating and set a $16.00 price objective for the company in a report on Tuesday, July 12th. Ladenburg Thalmann raised Capitala Finance Corp. from a neutral rating to a buy rating and set a $14.75 price objective for the company in a report on Thursday, October 6th. Finally, TheStreet raised Capitala Finance Corp. from a sell rating to a hold rating in a report on Monday, September 26th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $15.65.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.07 on Tuesday. Capitala Finance Corp. has a 12-month low of $9.54 and a 12-month high of $15.80. The stock has a 50 day moving average price of $13.07 and a 200 day moving average price of $13.95.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. On average, equities research analysts anticipate that Capitala Finance Corp. will post $1.82 EPS for the current year.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 21st will be given a $0.13 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 12.92%. Capitala Finance Corp.’s dividend payout ratio (DPR) is -305.88%.
A number of large investors have recently added to or reduced their stakes in CPTA. Confluence Investment Management LLC purchased a new stake in Capitala Finance Corp. during the third quarter worth $869,000. BlackRock Group LTD increased its stake in Capitala Finance Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 73,811 shares of the investment management company’s stock worth $886,000 after buying an additional 1,719 shares during the period. Nuveen Fund Advisors LLC purchased a new stake in Capitala Finance Corp. during the second quarter worth $1,019,000. Sumitomo Mitsui Asset Management Company LTD increased its stake in Capitala Finance Corp. by 9.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 84,594 shares of the investment management company’s stock worth $1,109,000 after buying an additional 7,233 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Capitala Finance Corp. by 0.9% in the third quarter. Stephens Inc. AR now owns 119,643 shares of the investment management company’s stock worth $1,569,000 after buying an additional 1,072 shares during the period. Hedge funds and other institutional investors 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.
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