Capitala Finance Corp. (NASDAQ:CPTA) Director Larry W. Carroll purchased 7,000 shares of the company’s stock in a transaction dated Tuesday, November 15th. The stock was purchased at an average price of $12.01 per share, for a total transaction of $84,070.00. Following the transaction, the director now directly owns 80,000 shares in the company, valued at approximately $960,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded up 0.25% during mid-day trading on Wednesday, reaching $12.08. 125,848 shares of the company’s stock were exchanged. Capitala Finance Corp. has a one year low of $9.54 and a one year high of $15.80. The stock has a 50-day moving average of $12.94 and a 200 day moving average of $13.92.

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, topping the consensus estimate of $0.46 by $0.01. Capitala Finance Corp. had a negative net margin of 11.51% and a positive return on equity of 11.51%. Equities research analysts forecast that Capitala Finance Corp. will post $1.80 EPS for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of CPTA. Advisors Asset Management Inc. raised its stake 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 worth $11,082,000 after buying an additional 88,295 shares during the last quarter. BlackRock Group LTD raised its stake 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 during the last quarter. Cetera Advisor Networks LLC raised its stake in shares of Capitala Finance Corp. by 9.6% in the third quarter. Cetera Advisor Networks LLC now owns 24,651 shares of the investment management company’s stock worth $323,000 after buying an additional 2,164 shares during the last quarter. Ares Management LLC raised its stake in shares of Capitala Finance Corp. by 392.1% in the third quarter. Ares Management LLC now owns 258,465 shares of the investment management company’s stock worth $3,388,000 after buying an additional 205,939 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Capitala Finance Corp. by 10.7% in the third quarter. UBS Group AG now owns 377,887 shares of the investment management company’s stock worth $4,954,000 after buying an additional 36,533 shares during the last quarter. Hedge funds and other institutional investors own 23.02% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Barclays PLC set a $14.00 price target on shares of Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Friday, November 11th. Oppenheimer Holdings Inc. downgraded shares of 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. Ladenburg Thalmann downgraded shares of Capitala Finance Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday, November 10th. Jefferies Group set a $17.00 price target on shares of Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Finally, TheStreet upgraded shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Capitala Finance Corp. presently has an average rating of “Hold” and a consensus target price of $15.39.

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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