Capitala Finance Corp. (NASDAQ:CPTA) Director Larry W. Carroll bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought 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 owns 110,000 shares in the company, valued at approximately $838,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Capitala Finance Corp. (NASDAQ:CPTA) opened at $7.59 on Monday. The firm has a market capitalization of $120.96, a PE ratio of 6.66 and a beta of 1.02. Capitala Finance Corp. has a 12-month low of $7.40 and a 12-month high of $14.65. 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 (NASDAQ:CPTA) last released its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ 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 return on equity of 7.49% and a net margin of 3.04%. sell-side analysts forecast that Capitala Finance Corp. will post 0.98 EPS for the current year.
A number of equities research analysts have issued reports on CPTA shares. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a research note on Friday. Jefferies Group reiterated a “buy” rating and issued a $14.00 price target on shares of Capitala Finance in a research note on Friday, September 22nd. TheStreet lowered Capitala Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Capitala Finance from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $9.50 price objective 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 issued a buy rating to the company. Capitala Finance currently has an average rating of “Hold” and an average price target of $13.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPTA. Goldman Sachs Group Inc. grew its position in Capitala Finance by 160.3% in the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after acquiring an additional 21,265 shares in the last quarter. Regent Investment Management LLC grew its position in Capitala Finance by 8.4% in the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after acquiring an additional 2,600 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Capitala Finance in the second quarter worth about $149,000. Acadian Asset Management LLC lifted its stake in Capitala Finance by 73.1% in the second quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock worth $483,000 after purchasing an additional 15,716 shares during the last quarter. Finally, Eagle Global Advisors LLC lifted its stake in Capitala Finance by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors own 19.30% of the company’s stock.
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About Capitala Finance
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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