Capitala Finance Corp (CPTA) Director Larry W. Carroll Purchases 10,000 Shares of Stock

Capitala Finance Corp (NASDAQ:CPTA) Director Larry W. Carroll acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were bought at an average price of $7.50 per share, with a total value of $75,000.00. Following the acquisition, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $975,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Capitala Finance Corp (NASDAQ CPTA) traded up $0.03 on Friday, hitting $7.51. 105,249 shares of the stock were exchanged, compared to its average volume of 126,017. The company has a market cap of $119.21, a price-to-earnings ratio of 68.28 and a beta of 1.02. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. Capitala Finance Corp has a 1 year low of $7.40 and a 1 year high of $14.65.

Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.28. The firm had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.42 million. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. equities research analysts forecast that Capitala Finance Corp will post 0.98 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be issued a $0.0833 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.31%. Capitala Finance’s payout ratio is 909.17%.

A number of research firms recently issued reports on CPTA. Keefe, Bruyette & Woods restated a “hold” rating and set a $9.50 price objective on shares of Capitala Finance in a report on Friday, November 10th. 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 reiterated a “buy” rating and set a $14.00 target price on shares of Capitala Finance in a research report on Friday, September 22nd. Finally, ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Capitala Finance presently has an average rating of “Hold” and a consensus target price of $13.50.

Institutional investors and hedge funds have recently made changes to their positions in the company. BB&T Securities LLC boosted its stake in Capitala Finance by 24.8% in the 3rd quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock worth $1,980,000 after purchasing an additional 41,262 shares in the last quarter. Carroll Financial Associates Inc. lifted its stake in Capitala Finance by 28.9% during the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock valued at $941,000 after acquiring an additional 23,133 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Capitala Finance during the 2nd quarter valued at about $454,000. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in Capitala Finance by 2.2% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 374,320 shares of the investment management company’s stock valued at $4,870,000 after acquiring an additional 8,033 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Capitala Finance during the 2nd quarter valued at about $150,000. Hedge funds and other institutional investors own 19.30% of the company’s stock.

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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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