A statement released earlier today by Ladenburg Thalmann about Capitala Finance Corp (NASDAQ:CPTA) raises the target price to $14.80
- Updated: October 8, 2016
Yesterday Capitala Finance Corp (NASDAQ:CPTA) traded 0.22% higher at $12.99. The company’s 50-day moving average is $14.34 and its two hundred day average is $13.93. With the last stock price close down -2.04% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 80,434 shares of CPTA changing hands under the typical 106,918
Capitala Finance Corp (NASDAQ:CPTA) had its target price raised to $14.80 by Ladenburg Thalmann in an issued report announced 10/6/2016. The bumped up target implies a possible upside of 0.14% from the company's last closing price.
With a total market value of $0, Capitala Finance Corp has one year low of $9.54 and a one year high of $15.80 .
A total of 12 brokerages have issued a ratings update on Capitala Finance Corp. Four brokerages rating the company a strong buy, 5 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $16.10.
Brief Synopsis On Capitala Finance Corp (NASDAQ:CPTA)
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. It invests in mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to a lesser extent, equity securities issued by lower middle-market and middle-market companies. It invests in various sectors, which include oil and gas services, consumer electronics, transportation, financial services and business services. It is managed by Capitala Investment Advisors, LLC.
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