Capitala Finance Corp (NASDAQ:CPTA) Short Interest Up 800.0% in June

Capitala Finance Corp (NASDAQ:CPTA) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 29,700 shares, an increase of 800.0% from the May 15th total of 3,300 shares. Based on an average daily trading volume, of 98,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Capitala Finance by 23.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 1,400 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new position in Capitala Finance during the first quarter valued at approximately $108,000. Acadian Asset Management LLC raised its position in Capitala Finance by 44.2% during the fourth quarter. Acadian Asset Management LLC now owns 20,479 shares of the investment management company’s stock valued at $146,000 after acquiring an additional 6,278 shares in the last quarter. Virtu Financial LLC bought a new position in Capitala Finance during the first quarter valued at approximately $179,000. Finally, AJO LP bought a new position in Capitala Finance during the first quarter valued at approximately $234,000. 16.46% of the stock is owned by institutional investors and hedge funds.

Shares of CPTA traded up $0.01 during midday trading on Friday, hitting $9.83. The stock had a trading volume of 102,666 shares, compared to its average volume of 90,820. Capitala Finance has a fifty-two week low of $6.46 and a fifty-two week high of $9.99. The stock’s 50-day moving average price is $9.32. The company has a market capitalization of $158.38 million, a price-to-earnings ratio of 9.83 and a beta of 1.12. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.46.

Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $12.68 million during the quarter, compared to analyst estimates of $11.59 million. Capitala Finance had a negative net margin of 34.43% and a positive return on equity of 7.86%. On average, equities analysts anticipate that Capitala Finance will post 1 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 30th. Stockholders of record on Tuesday, July 23rd will be given a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.13%. The ex-dividend date is Monday, July 22nd. Capitala Finance’s dividend payout ratio (DPR) is 100.00%.

Several brokerages have commented on CPTA. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

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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