Capitala Finance Corp (NASDAQ:CPTA) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Capitala Finance Corp (NASDAQ:CPTA) by 42.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 26,663 shares of the investment management company’s stock after selling 19,813 shares during the period. Oppenheimer & Co. Inc.’s holdings in Capitala Finance were worth $252,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. AJO LP acquired a new stake in Capitala Finance during the first quarter worth $234,000. Punch & Associates Investment Management Inc. increased its stake in Capitala Finance by 6.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock worth $3,073,000 after acquiring an additional 23,235 shares during the last quarter. Acadian Asset Management LLC increased its stake in Capitala Finance by 119.6% during the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock worth $309,000 after acquiring an additional 17,854 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in Capitala Finance during the first quarter worth $108,000. Finally, BB&T Securities LLC increased its stake in Capitala Finance by 12.2% during the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock worth $903,000 after acquiring an additional 10,381 shares during the last quarter. 18.20% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the company. ValuEngine raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. LADENBURG THALM/SH SH cut Capitala Finance from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th. Finally, Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Wednesday.

Shares of CPTA traded up $0.06 during midday trading on Friday, hitting $8.25. 1,098 shares of the stock were exchanged, compared to its average volume of 153,959. Capitala Finance Corp has a 52-week low of $6.46 and a 52-week high of $9.99. The stock has a fifty day simple moving average of $8.34 and a 200 day simple moving average of $8.67. The firm has a market cap of $133.88 million, a P/E ratio of 8.23 and a beta of 1.19. The company has a debt-to-equity ratio of 1.77, a quick ratio of 4.42 and a current ratio of 4.42.

Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings results on Monday, August 5th. The investment management company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Capitala Finance had a positive return on equity of 8.44% and a negative net margin of 107.00%. The business had revenue of $11.59 million during the quarter, compared to analyst estimates of $12.48 million. As a group, equities research analysts forecast that Capitala Finance Corp will post 0.99 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Thursday, September 19th. Capitala Finance’s dividend payout ratio is currently 100.00%.

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

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