Capitala Finance Corp (NASDAQ:CPTA) insider Richard Wheelahan sold 2,576 shares of Capitala Finance stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $9.17, for a total value of $23,621.92. Following the sale, the insider now owns 12,187 shares in the company, valued at approximately $111,754.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
CPTA stock traded up $0.02 during trading on Friday, hitting $9.24. The company had a trading volume of 3,804 shares, compared to its average volume of 100,671. The stock has a market capitalization of $148.31 million, a PE ratio of 9.20 and a beta of 1.09. Capitala Finance Corp has a 1-year low of $6.46 and a 1-year high of $9.22. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.46.
Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The firm had revenue of $12.68 million for the quarter, compared to analysts’ expectations of $11.59 million. Capitala Finance had a positive return on equity of 7.86% and a negative net margin of 34.43%. Analysts expect that Capitala Finance Corp will post 1 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 23rd were given a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 10.82%. The ex-dividend date of this dividend was Wednesday, May 22nd. Capitala Finance’s dividend payout ratio (DPR) is presently 100.00%.
A number of hedge funds have recently modified their holdings of CPTA. AJO LP acquired a new position in Capitala Finance in the 1st quarter valued at about $234,000. Laurel Wealth Advisors LLC acquired a new position in Capitala Finance in the 4th quarter valued at about $204,000. Punch & Associates Investment Management Inc. increased its position in 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 valued at $3,073,000 after acquiring an additional 23,235 shares during the period. Oppenheimer & Co. Inc. increased its position in Capitala Finance by 97.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock valued at $370,000 after acquiring an additional 22,909 shares during the period. Finally, Virtu Financial LLC acquired a new position in Capitala Finance in the 1st quarter valued at about $179,000. Hedge funds and other institutional investors own 16.46% of the company’s stock.
Several brokerages recently issued reports on CPTA. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating and set a $10.00 price target on the stock in a research report on Tuesday, May 7th. ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.
About Capitala Finance
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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