ValuEngine Lowers Capitala Finance (NASDAQ:CPTA) to Sell

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ValuEngine cut shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a sell rating in a research note issued to investors on Monday, ValuEngine reports.

Several other brokerages have also recently issued reports on CPTA. LADENBURG THALM/SH SH cut shares of Capitala Finance from a buy rating to a neutral rating in a research note on Tuesday, August 6th. Zacks Investment Research cut shares of Capitala Finance from a hold rating to a sell rating in a research note on Monday.

Capitala Finance stock opened at $8.05 on Monday. The stock has a market cap of $130.01 million, a price-to-earnings ratio of 8.05 and a beta of 1.13. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 1.77. The company’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.78. Capitala Finance has a 52 week low of $6.46 and a 52 week high of $9.99.

Capitala Finance (NASDAQ:CPTA) last released its earnings results on Monday, August 5th. The investment management company reported $0.25 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $11.59 million for the quarter, compared to analysts’ expectations of $12.48 million. Capitala Finance had a negative net margin of 107.00% and a positive return on equity of 8.44%. Research analysts expect that Capitala Finance will post 0.99 earnings per share for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be paid a $0.083 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. Capitala Finance’s dividend payout ratio is currently 100.00%.

Several institutional investors and hedge funds have recently made changes to their positions in CPTA. Virtus ETF Advisers LLC acquired a new position in shares of Capitala Finance in the 2nd quarter worth approximately $1,985,000. BlackRock Inc. acquired a new position in shares of Capitala Finance in the 2nd quarter worth approximately $437,000. AJO LP acquired a new position in shares of Capitala Finance in the 1st quarter worth approximately $234,000. Punch & Associates Investment Management Inc. grew its stake in shares of Capitala Finance by 6.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock worth $3,073,000 after purchasing an additional 23,235 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Capitala Finance by 97.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock worth $370,000 after purchasing an additional 22,909 shares during the last quarter. 16.40% of the stock is currently owned by institutional investors.

Capitala Finance Company Profile

Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.

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