The Capitala Finance Corp (CPTA) Lifted to Buy at Wunderlich

The Capitala Finance Corp (CPTA) Lifted to Buy at Wunderlich

Several other equities research analysts have also recently issued reports on CPTA. FBR & Co raised their price objective on shares of Capitala Finance Corp from $14.00 to $15.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 9th. Zacks Investment Research cut shares of Capitala Finance Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. Jefferies Group LLC restated a “buy” rating and set a $17.00 price objective on shares of Capitala Finance Corp in a research report on Wednesday, April 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of Capitala Finance Corp in a research report on Friday, April 28th. Finally, TheStreet upgraded shares of Capitala Finance Corp from a “c” rating to a “b-” rating in a research report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Capitala Finance Corp currently has a consensus rating of “Hold” and an average price target of $15.50.

Capitala Finance Corp (NASDAQ:CPTA) was upgraded by equities research analysts at Wunderlich from a “hold” rating to a “buy” rating in a report issued on Monday, May 15th. The firm currently has a $15.50 price objective on the investment management company’s stock, up from their previous price objective of $14.50. Wunderlich’s price target would indicate a potential upside of 13.89% from the company’s current price.

Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 13.61 on Monday. Capitala Finance Corp has a one year low of $11.51 and a one year high of $15.80. The firm’s 50-day moving average is $13.88 and its 200-day moving average is $13.67.

Capitala Finance Corp (NASDAQ:CPTA) last issued its earnings results on Monday, May 8th. The investment management company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $16.23 million. Capitala Finance Corp had a negative net margin of 11.51% and a positive return on equity of 11.51%. Analysts anticipate that Capitala Finance Corp will post $1.57 earnings per share for the current year. The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, June 21st will be paid a $0.13 dividend. This represents a $1.56 annualized dividend and a dividend yield of 11.46%. The ex-dividend date of this dividend is Monday, June 19th. Capitala Finance Corp’s payout ratio is -305.88%.

Capitala Finance Corp (NASDAQ:CPTA) last issued its earnings results on Monday, May 8th. The investment management company reported $0.39 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.39. The business had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $16.23 million. Capitala Finance Corp had a negative net margin of 11.51% and a positive return on equity of 11.51%. Analysts anticipate that Capitala Finance Corp will post $1.57 earnings per share for the current year. Hedge funds and other institutional investors have recently bought and sold shares of the stock. Armor Investment Advisors LLC raised its position in Capitala Finance Corp by 12.7% in the first quarter. Armor Investment Advisors LLC now owns 34,677 shares of the investment management company’s stock valued at $498,000 after buying an additional 3,900 shares during the last quarter. Eagle Global Advisors LLC raised its position in Capitala Finance Corp by 36.6% in the first quarter. Eagle Global Advisors LLC now owns 26,771 shares of the investment management company’s stock valued at $384,000 after buying an additional 7,168 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Capitala Finance Corp by 9.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 84,594 shares of the investment management company’s stock valued at $1,109,000 after buying an additional 7,233 shares during the last quarter. Geode Capital Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at approximately $183,000. Finally, Nine Chapters Capital Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at approximately $200,000. 25.78% of the stock is owned by institutional investors and hedge funds.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CPTA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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