Capitala Finance Corp. (CPTA) Position Held by KEMPER Corp
KEMPER Corp maintained its stake in Capitala Finance Corp. (NASDAQ:CPTA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 228,737 shares of the investment management company’s stock at the close of the second quarter. Capitala Finance Corp. accounts for 1.4% of KEMPER Corp’s investment portfolio, making the stock its 10th biggest position. KEMPER Corp’s holdings in Capitala Finance Corp. were worth $2,976,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CPTA. Russell Investments Group Ltd. bought a new position in Capitala Finance Corp. during the 2nd quarter worth about $149,000. GSA Capital Partners LLP acquired a new stake in shares of Capitala Finance Corp. in the 2nd quarter valued at about $150,000. JPMorgan Chase & Co. raised its stake in shares of Capitala Finance Corp. by 396.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock valued at $320,000 after purchasing an additional 19,650 shares during the period. Eagle Global Advisors LLC lifted its holdings in shares of Capitala Finance Corp. by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock valued at $393,000 after purchasing an additional 3,400 shares in the last quarter. Finally, Regent Investment Management LLC lifted its holdings in shares of Capitala Finance Corp. by 8.4% in the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock valued at $437,000 after purchasing an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 28.24% of the company’s stock.
In other Capitala Finance Corp. news, insider John F. Mcglinn acquired 4,444 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $9.00 per share, with a total value of $39,996.00. Following the completion of the purchase, the insider now owns 112,485 shares of the company’s stock, valued at $1,012,365. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Markham Hunt Broyhill acquired 5,098 shares of Capitala Finance Corp. stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $11.00 per share, with a total value of $56,078.00. Following the completion of the acquisition, the director now directly owns 81,038 shares of the company’s stock, valued at $891,418. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 30,842 shares of company stock worth $290,851. Corporate insiders own 8.40% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday, August 10th. TheStreet downgraded Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 target price on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. Finally, ValuEngine lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $14.89.
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Capitala Finance Corp. (NASDAQ CPTA) traded down 0.929% during trading on Wednesday, hitting $9.065. 210,103 shares of the stock were exchanged. The firm’s 50-day moving average is $9.13 and its 200 day moving average is $12.35. Capitala Finance Corp. has a 52 week low of $8.67 and a 52 week high of $14.65.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.33). Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. The business had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million. On average, equities research analysts expect that Capitala Finance Corp. will post $1.27 earnings per share for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 annualized dividend and a yield of 10.92%. Capitala Finance Corp.’s payout ratio is 458.82%.
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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