Capitala Finance (NASDAQ:CPTA) Lowered to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Capitala Finance (NASDAQ:CPTA) from a hold rating to a sell rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. “

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Capitala Finance from a sell rating to a hold rating in a research note on Wednesday, September 4th. 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.



NASDAQ CPTA opened at $8.41 on Wednesday. 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 $8.14 and its 200-day moving average price is $8.67. 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 $135.34 million, a PE ratio of 8.41 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 firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.083 per share. The ex-dividend date is Thursday, September 19th. Capitala Finance’s dividend payout ratio is presently 100.00%.

A number of large investors have recently bought and sold shares of the stock. 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. BlackRock Inc. purchased a new position in shares of Capitala Finance in the second quarter worth $437,000. Virtus ETF Advisers LLC purchased a new position in shares of Capitala Finance in the second quarter worth $1,985,000. Acadian Asset Management LLC raised its holdings in shares of Capitala Finance by 119.6% in the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock worth $309,000 after buying an additional 17,854 shares during the last quarter. Finally, BB&T Securities LLC raised its holdings in shares of Capitala Finance by 12.2% in the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock worth $903,000 after buying an additional 10,381 shares during the last quarter. 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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