Capitala Finance Corp(NASDAQ:CPTA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $16.99M. Analysts estimated a revenue of $17.15M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.
Capitala Finance Corp (CPTA) made into the market gainers list on Wednesdays trading session with the shares advancing 0.84% or 0.13 points. Due to strong positive momentum, the stock ended at $15.6, which is also near the day’s high of $15.8. The stock began the session at $15.49 and the volume stood at 2,52,186 shares. The 52-week high of the shares is $15.8 and the 52 week low is $9.54. The company has a current market capitalization of $247 M and it has 1,58,29,661 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Markham Hunt Broyhill (director) purchased 10,000 shares at $11.55 per share price.Also, On Mar 14, 2016, John F. Mcglinn (COO) purchased 2,190 shares at $11.40 per share price.On Dec 23, 2015, Joseph B Iii Alala (director officer ) purchased 84,950 shares at $11.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Capitala Finance Corp. is an externally managed non-diversified closed-end management investment company. The Company was formed for the purpose of acquiring an investment portfolio from the entities including CapitalSouth Partners Fund I Limited Partnership (Fund I) CapitalSouth Partners Fund II Limited Partnership (Fund II) CapitalSouth Partners Fund III L.P. (Fund III Parent) CapitalSouth Partners SBIC Fund III L.P. (Fund III) and CapitalSouth Partners Florida Sidecar Fund I L.P. (Florida Sidecar and collectively with Fund I Fund II Fund III and Fund III Parent the Legacy Funds); raising capital in the initial public offering and continuing and expanding the business of the Legacy Funds by making additional debt and equity investments in smaller and lower middle market companies. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It is managed by Capitala Investment Advisors LLC.