Capitala Finance (NASDAQ:CPTA) Shares Pass Above 50-Day Moving Average of $8.78

Capitala Finance Corp (NASDAQ:CPTA)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.78 and traded as high as $9.16. Capitala Finance shares last traded at $9.07, with a volume of 106,664 shares.

A number of analysts have issued reports on CPTA shares. Keefe, Bruyette & Woods downgraded Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 price objective on the stock. in a research note on Sunday, October 20th. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, ValuEngine raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd.

The company has a current ratio of 15.22, a quick ratio of 15.22 and a debt-to-equity ratio of 1.80. The stock has a 50 day simple moving average of $8.82 and a 200-day simple moving average of $8.51. The firm has a market cap of $147.65 million, a P/E ratio of -4.01 and a beta of 1.23.

The business also recently announced a monthly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be issued a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.92%. The ex-dividend date of this dividend is Friday, March 20th. Capitala Finance’s dividend payout ratio (DPR) is 100.00%.

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in shares of Capitala Finance in the 4th quarter worth approximately $32,000. Raymond James & Associates purchased a new position in shares of Capitala Finance in the 4th quarter worth approximately $120,000. Virtu Financial LLC purchased a new position in shares of Capitala Finance in the 4th quarter worth approximately $133,000. Biltmore Capital Advisors LLC boosted its holdings in shares of Capitala Finance by 33.3% in the 3rd quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock worth $133,000 after purchasing an additional 4,000 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Capitala Finance in the 4th quarter worth approximately $142,000. Hedge funds and other institutional investors own 15.53% of the company’s stock.

Capitala Finance Company Profile (NASDAQ:CPTA)

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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