Jefferies & Co covered Capitala Finance (NDAQ:CPTA), stepping up its target to $17.00 earlier today
- Updated: April 20, 2017
Jefferies & Co bumped up the target of Capitala Finance (NDAQ:CPTA) to $17.00 stating a potential upside of 0.20%.
Having a price of $14.11, Capitala Finance (NDAQ:CPTA) traded 0.35% higher on the day. With the last close up 5.01% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Capitala Finance has recorded a 50-day average of $14.13 and a two hundred day average of $13.47. Volume of trade was down over the average, with 65,408 shares of CPTA changing hands under the typical 91,152
With a total market value of $0, Capitala Finance has price-earnings ratio of 24.42 with a one year low of $11.51 and a one year high of $15.80 .
A total of 12 analysts have released a report on Capitala Finance. Four firms rating the stock 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 brokerages rating the stock a sell with a average stock price target of $16.10.
Brief Synopsis On Capitala Finance (NDAQ: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. The Company provides capital to lower and traditional middle-market companies in the United States, with a non-exclusive emphasis on the Southeast, Southwest and Mid-Atlantic regions. The Company invests in first lien, second lien and subordinated loans. The Company's investment advisor is Capitala Investment Advisors, LLC.
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