Shares last traded at $8.32 marginally under $9.10, the 50 day moving average and well below the 200 day moving average of $11.61. The 50 day moving average went down by -8.56% and the 200 day average was down $-3.29. 122K shares changed hands in the last trading session. Volume was down 21.03% under the stocks average daily volume. Traders are a little more bearish on the company recently if you take note of the increase in short interest. The stock experienced a rise in short interest between September 29, 2017 and October 13, 2017 of 136.21%. Short shares increased from 44,354 to 104,768 over that timeframe.
Here is a rundown on some insider market activity for Capitala Finance Corp. (NASDAQ:CPTA). Joseph B. Iii Alala, See Remarks disclosed the purchase of 200 shares of CPTA stock. The shares were bought on September 21st for an average price of $9.11. The See Remarks now owns $911 of the stock per the Form 4 SEC filing.
These firms have modified their investment in CPTA. As of quarter end Ubs Group Ag had sold 136 shares trimming its stake by 0.2%. The value of the investment in (CPTA) decreased from $1,041,000 to $941,000 a change of $100,000 quarter to quarter. Acadian Asset Management LLC expanded its investment by buying 27,656 shares an increase of 74.3% as of 09/30/2017. Acadian Asset Management LLC controls 64,871 shares with a value of $619,000. The value of the position overall is up by 28.2%.
Confluence Investment Management LLC divested its stake by shedding 64 shares a decrease of 0.1% from 06/30/2017 to 09/30/2017. Confluence Investment Management LLC claims 68,799 shares worth $656,000. The total value of its holdings decreased 26.8%. Carroll Financial Associates, Inc. grew its ownership by buying 23,133 shares an increase of 28.9%. Carroll Financial Associates, Inc. owns 103,133 shares valued at $941,000. The total value of its holdings decreased 9.5%.
The company is now unchanged from yesterday’s close of $8.32. Capitala Finance Corp. also recently declared a dividend payable on Wednesday November 29th, 2017. The dividend payment will be $0.390 per share for the quarter which comes to $1.56 on an annualized basis. This dividend represents a yield of $11.53. The ex-dividend date is Friday October 20th, 2017.
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..