Capitala Finance (NASDAQ:CPTA) Lowered to Hold at ValuEngine

Capitala Finance (NASDAQ:CPTA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.

NASDAQ:CPTA traded up $0.03 during mid-day trading on Thursday, reaching $9.56. The company’s stock had a trading volume of 90,691 shares, compared to its average volume of 102,314. Capitala Finance has a 1 year low of $6.46 and a 1 year high of $9.99. The business’s fifty day simple moving average is $9.56. The stock has a market capitalization of $154.20 million, a price-to-earnings ratio of 9.56 and a beta of 1.13. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.13 and a quick ratio of 1.13.

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

Institutional investors have recently made changes to their positions in the business. Eidelman Virant Capital bought a new position in Capitala Finance in the second quarter worth about $94,000. Franklin Street Advisors Inc. NC bought a new position in Capitala Finance in the first quarter worth about $108,000. Virtu Financial LLC bought a new position in Capitala Finance in the first quarter worth about $179,000. AJO LP bought a new position in Capitala Finance in the first quarter worth about $234,000. Finally, Oppenheimer & Co. Inc. raised its holdings in Capitala Finance by 97.2% in the first quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock worth $370,000 after purchasing an additional 22,909 shares in the last quarter. Institutional investors and hedge funds own 16.42% of the company’s stock.

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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