Capitala Finance Corp (NASDAQ:CPTA) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 40,600 shares, an increase of 7.4% from the June 30th total of 37,800 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 127,000 shares, the days-to-cover ratio is presently 0.3 days.

CPTA stock traded down $0.01 during midday trading on Wednesday, hitting $8.05. 131,811 shares of the company’s stock were exchanged, compared to its average volume of 100,158. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 1.77. Capitala Finance has a 12-month low of $6.46 and a 12-month high of $9.99. The business has a 50 day moving average of $9.40. The firm has a market capitalization of $131.13 million, a PE ratio of 8.06 and a beta of 1.13.

Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, August 5th. The investment management company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. Capitala Finance had a positive return on equity of 8.44% and a negative net margin of 107.00%. The company had revenue of $11.59 million during the quarter, compared to analyst estimates of $12.48 million. On average, sell-side analysts forecast that Capitala Finance will post 0.99 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Thursday, August 29th. Investors of record on Thursday, August 22nd will be given a dividend of $0.083 per share. The ex-dividend date is Wednesday, August 21st. Capitala Finance’s dividend payout ratio is currently 100.00%.

Several brokerages recently commented on CPTA. LADENBURG THALM/SH SH downgraded Capitala Finance from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. ValuEngine downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Monday. Finally, Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Monday.

A number of large investors have recently added to or reduced their stakes in CPTA. Virtus ETF Advisers LLC acquired a new position in Capitala Finance during the 2nd quarter valued at approximately $1,985,000. BlackRock Inc. acquired a new position in Capitala Finance during the 2nd quarter worth $437,000. AJO LP acquired a new position in Capitala Finance during the 1st quarter worth $234,000. Punch & Associates Investment Management Inc. boosted its position in Capitala Finance by 6.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock worth $3,073,000 after acquiring an additional 23,235 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its position in Capitala Finance by 97.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock worth $370,000 after acquiring an additional 22,909 shares during the period. Institutional investors and hedge funds own 16.40% 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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