Capitala Finance Corp. (NASDAQ:CPTA) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “

A number of other brokerages have also weighed in on CPTA. Barclays PLC set a $15.00 price target on Capitala Finance Corp. and gave the stock a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG boosted their price target on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research note on Friday, August 12th. FBR & Co boosted their price target on Capitala Finance Corp. from $14.00 to $15.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, August 10th. Wunderlich lowered 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 note on Friday, September 23rd. Finally, JMP Securities lowered Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Capitala Finance Corp. currently has an average rating of “Hold” and a consensus price target of $15.39.

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

Capitala Finance Corp. (NASDAQ:CPTA) traded up 0.67% during trading on Wednesday, reaching $12.03. 80,040 shares of the company’s stock traded hands. The firm has a market cap of $190.42 million, a price-to-earnings ratio of 90.45 and a beta of 1.09. Capitala Finance Corp. has a one year low of $9.54 and a one year high of $15.80. The company has a 50 day moving average of $12.79 and a 200 day moving average of $13.87.

Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 research analysts predict that Capitala Finance Corp. will post $1.80 EPS for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 21st will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s payout ratio is presently -305.88%.

In related news, Director Larry W. Carroll purchased 7,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was bought at an average cost of $12.01 per share, with a total value of $84,070.00. Following the completion of the acquisition, the director now owns 80,000 shares of the company’s stock, valued at approximately $960,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC increased its position 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. Susquehanna International Group LLP boosted its stake in 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 during the period. Confluence Investment Management LLC acquired a new stake in Capitala Finance Corp. during the third quarter worth approximately $869,000. BlackRock Group LTD boosted 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. Finally, Nuveen Fund Advisors LLC acquired a new stake in Capitala Finance Corp. during the second quarter worth approximately $1,019,000. 22.84% of the stock is owned by institutional investors.

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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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