Somewhat Favorable News Coverage Somewhat Unlikely to Impact Capitala Finance (CPTA) Share Price
Media stories about Capitala Finance (NASDAQ:CPTA) have been trending somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Capitala Finance earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 45.6201712363013 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Should Value Investors Choose Capitala Finance (CPTA) Stock? – Nasdaq (nasdaq.com)
- Capitala Finance Corp. (CPTA) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Unusual Activity Spotted in Capitala Finance Crp (CPTA) and Realnetworks Inc (RNWK) – Clawson News (clawsonnews.com)
Shares of Capitala Finance (NASDAQ CPTA) opened at $7.55 on Thursday. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. Capitala Finance has a 52-week low of $7.40 and a 52-week high of $14.65. The company has a market capitalization of $120.80, a PE ratio of 6.65 and a beta of 1.02.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.24%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance’s dividend payout ratio (DPR) is currently 909.17%.
A number of analysts have issued reports on CPTA shares. ValuEngine raised Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating and set a $14.00 price target on shares of Capitala Finance in a report on Friday, September 22nd. Zacks Investment Research raised Capitala Finance from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $9.50 price target on shares of Capitala Finance in a report on Friday, November 10th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.
In related news, insider Joseph B. Alala III purchased 89,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the transaction, the insider now directly owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry W. Carroll purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average price of $7.62 per share, for a total transaction of $76,200.00. Following the transaction, the director now directly owns 120,000 shares in the company, valued at $914,400. The disclosure for this purchase can be found here. Insiders have bought 109,520 shares of company stock worth $847,892 in the last quarter. Insiders own 8.40% 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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