Traders are a little more bearish on shares of the company of late as evidenced by the increase in short interest. The firm recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 136.21%. Short interest increased 60,414 over that timeframe. With short interest at 104,768 and short average daily volume at 207,354, days to cover is 1.0 and the short interest percentage is 0.01% as of October 13.
There has been some buying insider activity on Capitala Finance Crp (NASDAQ:CPTA) recently. See Remarks Joseph B. Iii Alala disclosed the purchase of 200 shares. The shares were purchased at an average price of $9.11. The See Remarks now owns $911 of the stock per the Form 4 SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (CPTA). Dynamic Technology Lab Private Ltd downsized its position by selling 10,977 shares a decrease of 31.5% as of 09/30/2017. Dynamic Technology Lab Private Ltd owns 23,884 shares with a value of $228,000. The total value of its holdings decreased 49.8%. As of the end of the quarter Wells Fargo & Company/mn had sold a total of 1 shares trimming its position 100.0%. The value of the investment in (CPTA) went from $0 to $0 a change of nan% since the last quarter.
As of quarter end Oppenheimer & Co Inc had acquired 1,474 shares growing its holdings by 6.4%. The value of the total investment in Capitala Finance Crp decreased from $299,000 to $234,000 decreasing 21.7% quarter to quarter. Wilbanks Smith & Thomas Asset Management LLC trimmed its investment by shedding 341,914 shares a decrease of 91.3%. Wilbanks Smith & Thomas Asset Management LLC controls 32,406 shares valued at $309,000. The value of the position overall is down by 93.7%.
On September 22 Jefferies Group LLC kept the company rating at “Buy” targeting a price of $14.00. August 10 investment analysts at Ladenburg Thalmann Financial Services maintained a “Neutral” rating on the company.
The company is so far trading unchanged by 0.00% since yesterday’s close of 7.78. Capitala Finance Crp’s P/E ratio is 71.40 and the market cap of the company is 123.99M. As of the last earnings report the EPS was $0.11 with 15.94M shares outstanding.
Capitala Finance Corp., launched on February 21, 2013, is an externally managed non-diversified, closed-end management investment company. The Business’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..