Capitala Finance Corp (NASDAQ:CPTA) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has upgraded Capitala Finance Corp (NASDAQ:CPTA) to Hold in a statement released on 9/23/2016.
Boasting a price of $14.57, Capitala Finance Corp (NASDAQ:CPTA) traded 0.00% even on the day. With the last stock price close up 5.57% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Capitala Finance Corp has recorded a 50-day average of $14.90 and a two hundred day average of $13.80. Volume of trade was down over the average, with 57,569 shares of CPTA changing hands under the typical 87,819
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 .
A total of 12 equity analysts have issued a report on the stock. 4 brokers rating the stock a strong buy, 5 brokerages rating the company a buy, four equity analysts rating the company a hold, zero analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $16.10.
General Information About 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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