Capitala Finance Corp. (NASDAQ:CPTA) has been assigned a $14.00 price objective by Barclays PLC in a report released on Friday. The firm currently has a a “buy” rating on the investment management company’s stock. Barclays PLC’s price objective points to a potential upside of 16.18% from the company’s current price.

A number of other research firms also recently weighed in on CPTA. Zacks Investment Research downgraded Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Deutsche Bank AG raised their price target on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research report on Friday, August 12th. Jefferies Group set a $17.00 price target on Capitala Finance Corp. and gave the company a “buy” rating in a research report on Tuesday, November 8th. FBR & Co set a $15.00 price target on Capitala Finance Corp. and gave the company a “hold” rating in a research report on Friday, September 23rd. Finally, Oppenheimer Holdings Inc. downgraded Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $16.00 price target on the stock. in a research report on Thursday, November 10th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.39.

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

Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.05 on Friday. Capitala Finance Corp. has a 12 month low of $9.54 and a 12 month high of $15.80. The company’s 50 day moving average price is $12.96 and its 200 day moving average price is $13.93.

Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings data 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 11.51% and a negative net margin of 11.51%. Analysts forecast that Capitala Finance Corp. will post $1.80 earnings per share for the current 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 issued a dividend of $0.13 per share. The ex-dividend date is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 12.95%. Capitala Finance Corp.’s dividend payout ratio is presently -305.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP increased its position in shares of Capitala Finance Corp. by 42.3% in the third quarter. Susquehanna International Group LLP now owns 43,785 shares of the investment management company’s stock worth $574,000 after buying an additional 13,010 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Capitala Finance Corp. during the third quarter worth about $869,000. BlackRock Group LTD increased its position in shares of 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 in the last quarter. Nuveen Fund Advisors LLC acquired a new position in shares of Capitala Finance Corp. during the second quarter worth about $1,019,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased 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 worth $1,109,000 after buying an additional 7,233 shares in the last quarter. 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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