Wunderlich Downgrades Capitala Finance Corp to Hold with Price Target $14.50

Brokerage firm Wunderlich Downgrades its rating on Capitala Finance Corp(NASDAQ:CPTA). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.50 per share. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Wunderlich was issued on Sep 23, 2016.

In a different note, On Sep 23, 2016, JMP Securities said it Downgrades its rating on Capitala Finance Corp. The shares have been rated ‘Market Perform’ by the firm. On Aug 12, 2016, Deutsche Bank said it Maintains its rating on Capitala Finance Corp. In the research note, the firm Raises the price-target to $14.75 per share. The shares have been rated ‘Buy’ by the firm.

Capitala Finance Corp (CPTA) remained unchanged at the close of Tuesday session. Even as the volume increased to 91,112 ,the shares failed to make any impression and ended at 0 points or 0.00% at $13.11. The trading session commenced at $13 and the stock hit a high of $13.2 and touched $13 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $15.8 and the 52-week low is $9.54. The company has a market cap of $208 M and has approximately 1,58,29,661 outstanding shares.

Capitala Finance Corp(CPTA) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $16.99M. Analysts had an estimated revenue of $17.15M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.

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.

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