Capitala Finance (NASDAQ:CPTA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.
Separately, Zacks Investment Research upgraded shares of Capitala Finance from a “sell” rating to a “hold” rating in a report on Tuesday, January 8th.
Shares of Capitala Finance stock opened at $8.60 on Monday. The company has a current ratio of 18.16, a quick ratio of 18.16 and a debt-to-equity ratio of 1.41. Capitala Finance has a 52-week low of $6.46 and a 52-week high of $9.05. The company has a market capitalization of $138.97 million, a PE ratio of 8.58 and a beta of 1.13.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, November 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. Capitala Finance had a negative net margin of 16.14% and a positive return on equity of 7.76%. The firm had revenue of $11.53 million for the quarter, compared to analysts’ expectations of $11.73 million. As a group, analysts predict that Capitala Finance will post 1.02 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. Regent Investment Management LLC lifted its stake in Capitala Finance by 13.7% in the fourth quarter. Regent Investment Management LLC now owns 77,367 shares of the investment management company’s stock worth $555,000 after acquiring an additional 9,325 shares during the period. Acadian Asset Management LLC lifted its stake in Capitala Finance by 501.2% in the third quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock worth $124,000 after acquiring an additional 11,839 shares during the period. Finally, Macquarie Group Ltd. purchased a new stake in Capitala Finance in the second quarter worth $156,000. 17.65% of the stock is 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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