Zacks Investment Research Lowers Capitala Finance (NASDAQ:CPTA) to Hold

Zacks Investment Research lowered shares of Capitala Finance (NASDAQ:CPTA) from a buy rating to a hold rating in a research report report published on Tuesday 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. “

Separately, ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

NASDAQ CPTA opened at $9.81 on Tuesday. The company has a market cap of $158.42 million, a P/E ratio of 9.81 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. The firm’s 50 day moving average is $9.18. Capitala Finance has a fifty-two week low of $6.46 and a fifty-two week high of $9.85.

Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings data on Monday, May 6th. The investment management company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $12.68 million for the quarter, compared to the consensus estimate of $11.59 million. Capitala Finance had a positive return on equity of 7.86% and a negative net margin of 34.43%. On average, research analysts expect that Capitala Finance will post 1 EPS for the current fiscal year.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Tuesday, July 23rd will be given a $0.083 dividend. This represents a $1.00 annualized dividend and a yield of 10.15%. The ex-dividend date is Monday, July 22nd. Capitala Finance’s dividend payout ratio (DPR) is presently 100.00%.

A number of institutional investors have recently made changes to their positions in CPTA. PNC Financial Services Group Inc. grew its position in 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 acquiring an additional 1,400 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of Capitala Finance during the 1st quarter worth $108,000. Acadian Asset Management LLC raised its stake in Capitala Finance by 44.2% in the fourth quarter. Acadian Asset Management LLC now owns 20,479 shares of the investment management company’s stock valued at $146,000 after buying an additional 6,278 shares during the last quarter. Virtu Financial LLC purchased a new stake in Capitala Finance in the first quarter valued at about $179,000. Finally, AJO LP purchased a new position in shares of Capitala Finance in the first quarter worth about $234,000. 16.46% 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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