Wilbanks Smith & Thomas Asset Management LLC Raises Holdings in Capitala Finance Corp. (CPTA)

Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Capitala Finance Corp. (NASDAQ:CPTA) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 374,320 shares of the investment management company’s stock after acquiring an additional 8,033 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Capitala Finance Corp. were worth $4,870,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BB&T Securities LLC raised its position in Capitala Finance Corp. by 21.4% in the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after acquiring an additional 29,274 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Capitala Finance Corp. by 160.3% in the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after acquiring an additional 21,265 shares in the last quarter. Regent Investment Management LLC raised its position in Capitala Finance Corp. by 8.4% in the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after acquiring an additional 2,600 shares in the last quarter. UBS Group AG raised its position in Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after acquiring an additional 56,890 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its position in Capitala Finance Corp. by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after acquiring an additional 3,400 shares in the last quarter. Hedge funds and other institutional investors own 28.24% of the company’s stock.

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In related news, Director Larry W. Carroll bought 20,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $9.15 per share, with a total value of $183,000.00. Following the completion of the purchase, the director now owns 82,150 shares of the company’s stock, valued at approximately $751,672.50. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Markham Hunt Broyhill bought 5,098 shares of the business’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $11.00 per share, for a total transaction of $56,078.00. Following the purchase, the director now directly owns 81,038 shares of the company’s stock, valued at approximately $891,418. The disclosure for this purchase can be found here. Insiders acquired 30,842 shares of company stock worth $290,851 in the last three months. Insiders own 8.40% of the company’s stock.

Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded down 0.76% during trading on Tuesday, reaching $9.12. The company had a trading volume of 56,090 shares. Capitala Finance Corp. has a 52-week low of $8.67 and a 52-week high of $14.65. The company has a 50 day moving average of $9.12 and a 200-day moving average of $12.21.

Capitala Finance Corp. (NASDAQ:CPTA) last released its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.33). Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. The company had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million. Equities research analysts expect that Capitala Finance Corp. will post $1.17 EPS for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be paid a $0.0833 dividend. This represents a $1.00 annualized dividend and a yield of 10.88%. The ex-dividend date is Tuesday, December 19th. Capitala Finance Corp.’s payout ratio is 458.82%.

A number of brokerages recently weighed in on CPTA. TheStreet cut Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, August 11th. Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of Capitala Finance Corp. in a research note on Thursday, August 10th. Jefferies Group LLC reissued a “buy” rating and issued a $14.00 price target on shares of Capitala Finance Corp. in a research note on Friday, September 22nd. Finally, ValuEngine cut Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Capitala Finance Corp. currently has a consensus rating of “Hold” and an average target price of $14.92.

Capitala Finance Corp. 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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Institutional Ownership by Quarter for Capitala Finance Corp. (NASDAQ:CPTA)

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