Capitala Finance Corp. (NASDAQ:CPTA) was downgraded by research analysts at Ladenburg Thalmann from a “buy” rating to a “neutral” rating in a research note issued on Thursday.

A number of other analysts have also recently commented on CPTA. Zacks Investment Research cut Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. FBR & Co boosted their price objective on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a report on Wednesday, August 10th. 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. 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. Finally, JMP Securities cut Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, September 23rd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.39.

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

Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.08 on Thursday. The firm has a 50-day moving average price of $13.00 and a 200-day moving average price of $13.94. Capitala Finance Corp. has a 12 month low of $9.54 and a 12 month high of $15.80.

Capitala Finance Corp. (NASDAQ:CPTA) last issued its quarterly earnings results on Tuesday, November 8th. The investment management company reported $0.47 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 11.51% and a negative net margin of 11.51%. Equities analysts forecast that Capitala Finance Corp. will post $1.80 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be paid a $0.13 dividend. The ex-dividend date is Monday, December 19th. This represents a $1.56 annualized dividend and a dividend yield of 12.91%. Capitala Finance Corp.’s dividend payout ratio is presently -305.88%.

Institutional investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. raised its position in shares of 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 in the last quarter. Muzinich & Co. Inc. raised its position in shares of 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 valued at $2,729,000 after buying an additional 82,251 shares in the last quarter. Stephens Inc. AR raised its position 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 valued at $1,569,000 after buying an additional 1,072 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of 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 valued at $1,109,000 after buying an additional 7,233 shares in the last quarter. Finally, BlackRock Group LTD raised its position 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 valued at $1,184,000 after buying an additional 10,753 shares in the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.

About Capitala Finance Corp.

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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