Capitala Finance (NASDAQ:CPTA)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, November 10th. They presently have a $9.50 target price on the investment management company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 25.00% from the company’s current price.
Several other analysts have also recently issued reports on CPTA. TheStreet cut shares of Capitala Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Jefferies Group reiterated a “buy” rating and issued a $14.00 price objective on shares of Capitala Finance in a report on Friday, September 22nd. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.50.
Shares of Capitala Finance (NASDAQ CPTA) traded up $0.01 during trading on Friday, hitting $7.60. The company had a trading volume of 109,100 shares, compared to its average volume of 118,078. The firm has a market cap of $119.68, a P/E ratio of 6.69 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 1 year low of $7.40 and a 1 year high of $14.65.
In related news, Director Larry W. Carroll acquired 10,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was acquired 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 of the company’s stock, valued at approximately $838,200. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph B. Alala III acquired 89,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $7.77 per share, with a total value of $691,530.00. Following the completion of the acquisition, the insider now directly owns 9,611 shares of the company’s stock, valued at $74,677.47. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 99,200 shares of company stock worth $769,552. 8.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in CPTA. Goldman Sachs Group Inc. lifted its stake in Capitala Finance by 160.3% during the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock valued at $496,000 after purchasing an additional 21,265 shares during the last quarter. Regent Investment Management LLC lifted its position in shares of Capitala Finance by 8.4% in the 2nd quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock valued at $437,000 after acquiring an additional 2,600 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Capitala Finance in the 2nd quarter valued at approximately $149,000. Acadian Asset Management LLC lifted its position in shares of Capitala Finance by 73.1% in the 2nd quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock valued at $483,000 after acquiring an additional 15,716 shares in the last quarter. Finally, Eagle Global Advisors LLC lifted its position in shares of Capitala Finance by 12.7% in the 2nd quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock valued at $393,000 after acquiring an additional 3,400 shares in the last quarter. 19.37% of the stock is owned by institutional investors and hedge funds.
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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