JMP Securities Maintains a Hold Rating on Capitala Finance (CPTA)

In a report released today, Christopher York from JMP Securities maintained a Hold rating on Capitala Finance (CPTA). The company’s shares opened today at $7.69.

According to, York is a 4-star analyst with an average return of 10.8% and a 73.5% success rate. York covers the Financial sector, focusing on stocks such as Oaktree Specialty Lending Corporation, Capital Southwest Corp, and Ares Capital Corp.

Currently, the analyst consensus on Capitala Finance is a Hold with an average price target of $8, which is a 4.0% upside from current levels. In a report issued on February 22, Oppenheimer also assigned a Hold rating to the stock.

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Based on Capitala Finance’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $9.2 million. In comparison, last year the company had a GAAP net loss of $589K.

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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.