In a report released yesterday, Kyle Joseph from Jefferies reiterated a Hold rating on Capitala Finance (NASDAQ: CPTA), with a price target of $9. The company’s shares closed yesterday at $8.70.
According to TipRanks.com, Joseph is a 4-star analyst with an average return of 16.4% and a 89.7% success rate. Joseph covers the Financial sector, focusing on stocks such as Consumer Portfolio Services, Gladstone Investment Corp, and Aaron’s Inc.
Capitala Finance has an analyst consensus of Hold, with a price target consensus of $9, representing a 3.4% upside. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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The company has a one-year high of $12 and a one-year low of $6.88. Currently, Capitala Finance has an average volume of 65.08K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPTA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Capitala Finance Corp. is a non-diversified closed-end management investment company, which focuses in making debt and selective equity investments in sponsored and non-sponsored lower and traditional middle market companies, primarily in the United States. The company was founded on May 24, 2013 and is headquaretered in Charlotte, NC.
