Capitala Finance (NASDAQ:CPTA) target bumped down to $14.50, released a ratings update today by Wunderlich Securities
- Updated: September 22, 2016
Yesterday Capitala Finance (NASDAQ:CPTA) traded 0.00% even at $14.57. The company’s 50-day moving average is $14.90 and its 200-day moving average is $13.80. With the last stock price up 5.57% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 57,569 shares of the stock traded hands, down from an avg. volume of 87,819
Capitala Finance (NASDAQ:CPTA) had its price target dropped to $14.50 by Wunderlich Securities in a report released Friday September 23, 2016. The bumped down target suggests unchanging performance compared to the company's previous stock price.
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Capitala Finance has a with a one year low of $9.54 and a one year high of $15.80 The company’s market cap is currently $0.
A total of 12 brokerages have released a ratings update on CPTA. 4 brokers rating the stock a strong buy, 5 brokerages rating the stock a buy, four equity analysts rating the company a hold, zero analysts rating the company a underperform, and finally 0 firms rating the company a sell with a one year target of $16.10.
General Information About Capitala Finance (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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