Keefe, Bruyette & Woods Lowers Capitala Finance (NASDAQ:CPTA) to Underperform

Keefe, Bruyette & Woods cut shares of Capitala Finance (NASDAQ:CPTA) from a market perform rating to an underperform rating in a report released on Sunday morning, Briefing.com Automated Import reports. Keefe, Bruyette & Woods currently has $7.50 target price on the investment management company’s stock.

CPTA has been the topic of a number of other reports. LADENBURG THALM/SH SH downgraded shares of Capitala Finance from a buy rating to a neutral rating in a research note on Tuesday, August 6th. ValuEngine raised shares of Capitala Finance from a sell rating to a hold rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Capitala Finance from a sell rating to a hold rating in a research report on Friday, October 4th.

NASDAQ CPTA opened at $8.40 on Friday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 4.42 and a current ratio of 4.42. The firm’s 50 day moving average price is $8.32 and its 200-day moving average price is $8.75. Capitala Finance has a 52-week low of $6.46 and a 52-week high of $9.99. The company has a market cap of $135.17 million, a PE ratio of 8.40 and a beta of 1.19.

Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Monday, August 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Capitala Finance had a negative net margin of 107.00% and a positive return on equity of 8.44%. The firm had revenue of $11.59 million for the quarter, compared to the consensus estimate of $12.48 million. On average, analysts forecast that Capitala Finance will post 0.99 earnings per share for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 29th. Investors of record on Tuesday, October 22nd will be given a dividend of $0.083 per share. The ex-dividend date of this dividend is Monday, October 21st. This represents a $1.00 dividend on an annualized basis and a yield of 11.86%. Capitala Finance’s payout ratio is 100.00%.

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in Capitala Finance during the second quarter valued at approximately $27,000. Eidelman Virant Capital purchased a new stake in Capitala Finance during the second quarter valued at approximately $94,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Capitala Finance by 572.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,355 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 19,880 shares during the last quarter. Acadian Asset Management LLC lifted its position 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 valued at $309,000 after acquiring an additional 17,854 shares during the last quarter. Finally, BlackRock Inc. purchased a new stake in Capitala Finance during the second quarter valued at approximately $437,000. 18.20% of the stock is owned by institutional investors.

Capitala Finance Company Profile

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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