Capitala Finance Corp (CPTA) To Go Ex-Dividend on February 16th

Capitala Finance Corp (NASDAQ:CPTA) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.0833 per share by the investment management company on Tuesday, February 27th. This represents a $1.00 annualized dividend and a yield of 13.19%. The ex-dividend date of this dividend is Friday, February 16th.

Shares of Capitala Finance (CPTA) opened at $7.58 on Thursday. 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 capitalization of $119.05, a price-to-earnings ratio of 68.92 and a beta of 1.05. Capitala Finance has a one year low of $7.12 and a one year high of $14.65.

In other Capitala Finance news, Director Larry W. Carroll acquired 10,000 shares of Capitala Finance stock in a transaction on Thursday, December 21st. The shares were bought at an average price of $7.50 per share, with a total value of $75,000.00. Following the completion of the purchase, the director now owns 130,000 shares in the company, valued at $975,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders acquired 20,520 shares of company stock worth $155,162. Insiders own 8.40% of the company’s stock.

Several brokerages recently commented on CPTA. Zacks Investment Research lowered Capitala Finance from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research note on Friday, November 10th. Finally, Jefferies Group lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Capitala Finance currently has an average rating of “Hold” and an average price target of $13.50.

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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.

Dividend History for Capitala Finance (NASDAQ:CPTA)

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