Capitala Finance (NASDAQ:CPTA) Rating Increased to Buy at ValuEngine

ValuEngine upgraded shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a buy rating in a report published on Monday, February 4th.

Separately, Zacks Investment Research cut Capitala Finance from a hold rating to a sell rating in a research report on Monday, January 14th.

CPTA stock traded down $0.10 during trading on Monday, hitting $8.30. 87,298 shares of the company traded hands, compared to its average volume of 63,085. The stock has a market cap of $138.01 million, a P/E ratio of 8.47 and a beta of 1.13. Capitala Finance has a 1 year low of $6.46 and a 1 year high of $9.05. The company has a current ratio of 18.16, a quick ratio of 18.16 and a debt-to-equity ratio of 1.41.

The company also recently declared a monthly dividend, which was paid on Wednesday, February 27th. Investors of record on Wednesday, February 20th were given a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.04%. The ex-dividend date of this dividend was Tuesday, February 19th. Capitala Finance’s payout ratio is 102.04%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPTA. PNC Financial Services Group Inc. lifted its stake in shares of Capitala Finance by 23.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 1,400 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Capitala Finance by 501.2% during the 3rd quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock worth $124,000 after acquiring an additional 11,839 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Capitala Finance during the 2nd quarter worth about $156,000. Laurel Wealth Advisors LLC acquired a new position in Capitala Finance during the 4th quarter worth about $204,000. Finally, Regent Investment Management LLC lifted its stake in Capitala Finance by 13.7% during the 4th quarter. Regent Investment Management LLC now owns 77,367 shares of the investment management company’s stock worth $555,000 after acquiring an additional 9,325 shares in the last quarter. 17.82% of the stock is currently 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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