Capitala Finance Corp. (CPTA) to Issue Monthly Dividend of $0.13 on November 29th
Capitala Finance Corp. (NASDAQ:CPTA) declared a monthly dividend on Friday, September 23rd. Investors of record on Monday, November 21st will be paid a dividend of 0.13 per share by the investment management company on Tuesday, November 29th. This represents a $1.56 annualized dividend and a yield of 12.95%. The ex-dividend date is Thursday, November 17th.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.05 on Wednesday. The company’s 50-day moving average price is $12.94 and its 200 day moving average price is $13.92. Capitala Finance Corp. has a one year low of $9.54 and a one year high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts predict that Capitala Finance Corp. will post $1.80 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in CPTA. Two Sigma Advisers LP increased its stake in shares of Capitala Finance Corp. by 50.4% in the third quarter. Two Sigma Advisers LP now owns 86,114 shares of the investment management company’s stock worth $1,129,000 after buying an additional 28,874 shares during the period. BlackRock Group LTD increased its stake 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 worth $1,184,000 after buying an additional 10,753 shares during the period. Nuveen Fund Advisors LLC bought a new stake in shares of Capitala Finance Corp. during the second quarter worth approximately $1,019,000. Finally, Cetera Advisor Networks LLC increased 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 period. Institutional investors own 23.02% of the company’s stock.
CPTA has been the topic of a number of research reports. Wunderlich cut Capitala Finance Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.50 to $14.50 in a research report on Friday, September 23rd. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “sell” rating in a report on Monday, September 12th. FBR & Co set a $15.00 price objective on Capitala Finance Corp. and gave the stock a “hold” rating in a report on Friday, September 23rd. TheStreet raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Finally, Barclays PLC set a $14.00 price objective on Capitala Finance Corp. and gave the stock a “buy” rating in a report on Friday, November 11th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Capitala Finance Corp. currently has a consensus rating of “Hold” and a consensus target price of $15.39.
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.
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