Capitala Finance Corp (CPTA) : Hamilton Lane Advisors scooped up 438,458 additional shares in Capitala Finance Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 464,799 shares of Capitala Finance Corp which is valued at $6,372,394.Capitala Finance Corp makes up approximately 3.00% of Hamilton Lane Advisors’s portfolio.
Capitala Finance Corp opened for trading at $13.67 and hit $13.8786 on the upside on Monday, eventually ending the session at $13.82, with a gain of 0.80% or 0.11 points. The heightened volatility saw the trading volume jump to 84,178 shares. Company has a market cap of $218 M.
Other Hedge Funds, Including , Muzinich reduced its stake in CPTA by selling 8,397 shares or 6.19% in the most recent quarter. The Hedge Fund company now holds 127,293 shares of CPTA which is valued at $1,745,187. Capitala Finance Corp makes up approx 0.77% of Muzinich’s portfolio. Wunderlich Securities sold out all of its stake in CPTA during the most recent quarter. The investment firm sold 11,000 shares of CPTA which is valued $150,810. Edge Wealth Management added CPTA to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $13,380. Capitala Finance Corp makes up approx 0.01% of Edge Wealth Management’s portfolio.
Investors should note that on Apr 1, 2016, Capitala Finance Corp announced a cash dividend of $0.1567. The company’s management has announced Apr 20, 2016 as the ex-dividend date and fixed the record date on Apr 22, 2016. The payable date has been fixed on Apr 28, 2016.
Many Wall Street Analysts have commented on Capitala Finance Corp. Shares were Reiterated by Deutsche Bank on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $18 .Shares were Reiterated by Barclays on Mar 10, 2016 to “Overweight” and Lowered the Price Target to $ 15 from a previous price target of $18 .Capitala Finance Corp was Downgraded by Ladenburg Thalmann to ” Neutral” on Mar 9, 2016.
Capitala Finance Corp. is an externally managed non-diversified closed-end management investment company. The Company was formed for the purpose of acquiring an investment portfolio from the entities including CapitalSouth Partners Fund I Limited Partnership (Fund I) CapitalSouth Partners Fund II Limited Partnership (Fund II) CapitalSouth Partners Fund III L.P. (Fund III Parent) CapitalSouth Partners SBIC Fund III L.P. (Fund III) and CapitalSouth Partners Florida Sidecar Fund I L.P. (Florida Sidecar and collectively with Fund I Fund II Fund III and Fund III Parent the Legacy Funds); raising capital in the initial public offering and continuing and expanding the business of the Legacy Funds by making additional debt and equity investments in smaller and lower middle market companies. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. It is managed by Capitala Investment Advisors LLC.