Press coverage about Capitala Finance (NASDAQ:CPTA) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Capitala Finance earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 44.8229695281612 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Capitala Finance Corp. to Contact Brower Piven Before the Lead … (businesswire.com)
- Shareholders Foundation, Inc.: Lawsuit for Investors in Shares of Capitala Finance Corp. (NASDAQ: CPTA) Announced by Shareholders Foundation (finanznachrichten.de)
- INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses in Excess of $100,000 from Investment in Capitala Finance Corp. to Contact Brower Piven Before the Lead Plaintiff Deadline in Class Action Lawsuit (finance.yahoo.com)
A number of research analysts have recently commented on CPTA shares. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group reissued a “buy” rating and issued a $14.00 price target on shares of Capitala Finance in a research report on Friday, September 22nd. ValuEngine raised shares of Capitala Finance from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Capitala Finance presently has an average rating of “Hold” and a consensus target price of $13.50.
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, meeting the Thomson Reuters’ consensus estimate of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The business had revenue of $12.31 million for the quarter, compared to analysts’ expectations of $12.42 million. sell-side analysts predict that Capitala Finance will post 0.98 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.0833 per share. The ex-dividend date is Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 13.10%. Capitala Finance’s dividend payout ratio (DPR) is currently 909.17%.
In other Capitala Finance news, insider Joseph B. Alala III acquired 89,000 shares of Capitala Finance stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $7.77 per share, with a total value of $691,530.00. Following the completion of the purchase, the insider now owns 9,611 shares in the company, valued at $74,677.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Larry W. Carroll acquired 10,000 shares of Capitala Finance stock in a transaction on 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 purchase, the director now owns 110,000 shares of the company’s stock, valued at approximately $838,200. The disclosure for this purchase can be found here. Insiders have bought 119,520 shares of company stock worth $922,892 over the last three months. 8.40% of the stock is owned by insiders.
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Capitala Finance Company Profile
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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