Capitala Finance Corp. (NASDAQ:CPTA) is expected to pay $0.13 on Oct 28, 2016. The indicated annual dividend is $1.56. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Capitala Finance Corp.’s current price of $13.14, the dividend is 0.99%. This dividend’s record date is Oct 21, 2016 and the announcement date is Sep 23, 2016. The stock decreased 2.23% or $0.3 on October 17, hitting $13.14. Capitala Finance Corp (NASDAQ:CPTA) has risen 16.39% since March 15, 2016 and is uptrending. It has outperformed by 10.90% the S&P500.
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The company has a market cap of $208.47 million. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. It has a 106.39 P/E ratio. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration , 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.
Insitutional Activity: The institutional sentiment decreased to 0.3 in 2016 Q2. Its down 1.01, from 1.31 in 2016Q1. The ratio turned negative, as 7 funds sold all Capitala Finance Corp shares owned while 13 reduced positions. 2 funds bought stakes while 4 increased positions. They now own 2.66 million shares or 6.68% less from 2.85 million shares in 2016Q1.
Yorktown Mngmt & Rech Inc holds 0.23% or 73,200 shares in its portfolio. Manufacturers Life The, a Ontario – Canada-based fund reported 845 shares. Citigroup, a New York-based fund reported 7,705 shares. Lmm Limited Liability Company has 0.11% invested in the company for 173,500 shares. Stephens Inc Ar has 0.07% invested in the company for 118,571 shares. Advisors Asset Management Inc has 791,589 shares for 0.18% of their US portfolio. Blackrock Grp Inc holds 84,564 shares or 0% of its portfolio. Kemper Corporation has 1.82% invested in the company for 226,247 shares. Deutsche Natl Bank Ag last reported 0% of its portfolio in the stock. Regent Mngmt Ltd Liability Company holds 68,456 shares or 0.52% of its portfolio. Carroll holds 0.18% or 76,000 shares in its portfolio. Bridgeway Capital Mgmt has invested 0.02% of its portfolio in Capitala Finance Corp (NASDAQ:CPTA). Susquehanna Grp Llp holds 0% of its portfolio in Capitala Finance Corp (NASDAQ:CPTA) for 30,775 shares. Morgan Stanley reported 111,683 shares or 0% of all its holdings. Bb&T Securities Limited accumulated 0.06% or 254,345 shares.
Capitala Finance Corp (NASDAQ:CPTA) Ratings Coverage
Out of 8 analysts covering Capitala Finance (NASDAQ:CPTA), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $20 is the highest target while $14.50 is the lowest. The $16.16 average target is 22.98% above today’s ($13.14) stock price. Capitala Finance has been the topic of 18 analyst reports since August 11, 2015 according to StockzIntelligence Inc. As per Thursday, March 17, the company rating was maintained by Stephens. As per Friday, May 13, the company rating was maintained by Wunderlich. The rating was downgraded by FBR Capital to “Market Perform” on Wednesday, May 11. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Thursday, September 3. Barclays Capital maintained the shares of CPTA in a report on Wednesday, November 11 with “Overweight” rating. The firm earned “Buy” rating on Thursday, October 6 by Ladenburg Thalmann. The rating was maintained by MLV on Tuesday, August 11 with “Buy”. The stock of Capitala Finance Corp (NASDAQ:CPTA) earned “Market Perform” rating by JMP Securities on Friday, September 23. Wunderlich downgraded the stock to “Hold” rating in Friday, September 23 report. The firm has “Equal Weight” rating by Stephens given on Tuesday, August 18.
More notable recent Capitala Finance Corp (NASDAQ:CPTA) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on October 21, 2013, also Businesswire.com with their article: “Capitala Finance Corp. Reports Second Quarter 2016 Results” published on August 09, 2016, Businesswire.com published: “Capitala Finance Corp. Announces Investment Activity” on September 12, 2016. More interesting news about Capitala Finance Corp (NASDAQ:CPTA) were released by: Businesswire.com and their article: “Capitala Finance Corp. Reports Investment Exits, Reduction in Energy Exposure” published on August 25, 2016 as well as Businesswire.com‘s news article titled: “Capitala Finance Corp. Schedules Third Quarter 2016 Earnings Release and …” with publication date: October 06, 2016.
CPTA Company Profile
Capitala Finance Corp., incorporated on February 21, 2013, 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. The Firm provides capital to lower and traditional middle-market companies in the United States, with a non-exclusive emphasis on the Southeast, Southwest and Mid-Atlantic regions.
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