Capitala Finance Corp. (NASDAQ:CPTA) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, December 20th will be given a dividend of 0.0833 per share by the investment management company on Thursday, December 28th. This represents a $1.00 annualized dividend and a dividend yield of 13.20%. The ex-dividend date of this dividend is Tuesday, December 19th.
Shares of Capitala Finance (NASDAQ CPTA) opened at $7.57 on Thursday. The firm has a market cap of $122.23, a price-to-earnings ratio of 6.73 and a beta of 1.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. Capitala Finance has a one year low of $7.40 and a one year high of $14.65.
Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.42 million. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. analysts expect that Capitala Finance will post 0.98 earnings per share for the current fiscal year.
In other news, insider Joseph B. Alala III acquired 89,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $7.77 per share, with a total value of $691,530.00. Following the acquisition, the insider now directly owns 9,611 shares of the company’s stock, valued at $74,677.47. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Larry W. Carroll acquired 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the acquisition, the director now directly owns 110,000 shares in the company, valued at $838,200. The disclosure for this purchase can be found here. In the last three months, insiders purchased 109,720 shares of company stock valued at $849,714. 8.40% of the stock is currently owned by insiders.
Several analysts have recently weighed in on the stock. Jefferies Group lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. ValuEngine downgraded shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Capitala Finance from a “strong sell” rating to a “hold” rating in a research report on Friday, November 17th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.
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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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