Capitala Finance (CPTA) Upgraded by ValuEngine to “Buy”
ValuEngine upgraded shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a buy rating in a research note published on Friday.
CPTA has been the topic of several other research reports. Zacks Investment Research raised Capitala Finance from a strong sell rating to a hold rating in a research report on Friday, November 17th. Jefferies Group lowered Capitala Finance from a buy rating to a hold rating in a research report on Thursday, November 16th. TheStreet lowered Capitala Finance from a b- rating to a c+ rating in a research report on Tuesday, August 8th. Ladenburg Thalmann Financial Services reaffirmed a neutral rating on shares of Capitala Finance in a research report on Thursday, August 10th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $13.50.
Capitala Finance (NASDAQ CPTA) traded down $0.03 during trading hours on Friday, hitting $7.59. The stock had a trading volume of 125,937 shares, compared to its average volume of 159,570. Capitala Finance has a fifty-two week low of $7.40 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. The company has a market cap of $121.44, a PE ratio of 6.68 and a beta of 1.03.
The company also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be paid a $0.0833 dividend. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 annualized dividend and a yield of 13.17%. Capitala Finance’s dividend payout ratio (DPR) is presently 909.17%.
In related news, insider Joseph B. Alala III bought 89,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $7.77 per share, for a total transaction of $691,530.00. Following the transaction, the insider now owns 9,611 shares in the company, valued at approximately $74,677.47. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Larry W. Carroll bought 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $7.62 per share, with a total value of $76,200.00. Following the completion of the transaction, the director now owns 110,000 shares in the company, valued at approximately $838,200. The disclosure for this purchase can be found here. Insiders purchased a total of 99,200 shares of company stock valued at $769,552 over the last 90 days. 8.40% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new stake in shares of Capitala Finance during the 2nd quarter worth $149,000. GSA Capital Partners LLP bought a new stake in shares of Capitala Finance during the 2nd quarter worth $150,000. JPMorgan Chase & Co. lifted its position in shares of Capitala Finance by 396.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after buying an additional 19,650 shares during the last quarter. Eagle Global Advisors LLC lifted its position in shares of Capitala Finance by 12.7% during the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after buying an additional 3,400 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Capitala Finance during the 2nd quarter worth $454,000. Hedge funds and other institutional investors own 19.37% of the company’s stock.
Capitala Finance 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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