Capitala Finance Corp (CPTA) was Reiterated by FBR Capital to “Mkt Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . FBR Capital advised their investors in a research report released on Aug 10, 2016.
Many Wall Street Analysts have commented on Capitala Finance Corp. Shares were Reiterated by Wunderlich on May 13, 2016 to “Buy” and Lowered the Price Target to $ 15.50 from a previous price target of $16.50 .
Capitala Finance Corp closed down -0.01 points or -0.07% at $14.73 with 93,311 shares getting traded on Monday. Post opening the session at $14.74, the shares hit an intraday low of $14.68 and an intraday high of $14.845 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 22, 2016, Markham Hunt Broyhill (director) purchased 10,000 shares at $11.55 per share price. According to the SEC, on Mar 14, 2016, John F. Mcglinn (COO) purchased 2,190 shares at $11.40 per share price. On Dec 23, 2015, Joseph B Iii Alala (director officer ) purchased 84,950 shares at $11.60 per share price, according to the Form-4 filing with the securities and exchange commission.
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.