A statement released earlier today by Wunderlich about Capitala Finance Corp (NASDAQ:CPTA) bumps down the target price to $14.50
- Updated: September 24, 2016
Having a price of $14.57, Capitala Finance Corp (NASDAQ:CPTA) traded -9.47% lower on the day. The last closing price is up -4.50% from the 200-day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Capitala Finance Corp has recorded a 50-day average of $14.86 and a two hundred day moving average of $13.81. 679,850 shares of the stock were exchanged, up from an average trading volume of 97,139
Capitala Finance Corp (NASDAQ:CPTA) had its target price lowered to $14.50 by Wunderlich in a report released 9/23/2016. The new target price indicates remote upside the company's previous close.
With a total market value of $0, Capitala Finance Corp has with a one year low of $9.54 and a one year high of $15.80 .
In addition to Wunderlich reporting its stock price target, a total of 12 brokers have issued a research note on the company. The average stock price target is $16.10 with four analysts rating the company a strong buy, five analysts rating the company a buy, four brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
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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