Virtu Financial LLC bought a new position in shares of Capitala Finance Corp (NASDAQ:CPTA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 22,542 shares of the investment management company’s stock, valued at approximately $179,000. Virtu Financial LLC owned 0.14% of Capitala Finance as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $54,000 after purchasing an additional 1,400 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Capitala Finance by 44.2% in the 4th quarter. Acadian Asset Management LLC now owns 20,479 shares of the investment management company’s stock worth $146,000 after purchasing an additional 6,278 shares in the last quarter. Laurel Wealth Advisors LLC purchased a new stake in shares of Capitala Finance in the 4th quarter worth $204,000. Finally, Regent Investment Management LLC increased its stake in shares of Capitala Finance by 13.7% in the 4th quarter. Regent Investment Management LLC now owns 77,367 shares of the investment management company’s stock worth $555,000 after purchasing an additional 9,325 shares in the last quarter. Hedge funds and other institutional investors own 17.97% of the company’s stock.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a research note on Tuesday, May 7th.
CPTA stock traded down $0.12 during trading on Wednesday, reaching $9.05. The company’s stock had a trading volume of 134,728 shares, compared to its average volume of 82,239. Capitala Finance Corp has a 1 year low of $6.46 and a 1 year high of $9.21. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $145.67 million, a PE ratio of 9.05 and a beta of 1.16.
Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings data on Monday, May 6th. The investment management company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The firm had revenue of $12.68 million during the quarter, compared to analyst estimates 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, sell-side analysts forecast that Capitala Finance Corp will post 1 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.0833 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.05%. Capitala Finance’s payout ratio is 100.00%.
Capitala Finance 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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