Capitala Finance Corp. (CPTA) News
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Latest CPTA News From Around the Web
Below are the latest news stories about Capitala Finance Corp that investors may wish to consider to help them evaluate CPTA as an investment opportunity.
Mount Logan Capital Inc. Subsidiary Appointed as Investment Adviser of U.S. Business Development Company
All amounts are stated in United States dollars, unless otherwise indicatedTORONTO, July 01, 2021 (GLOBE NEWSWIRE) -- Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan” or the “Company”) today announced that it has completed its previously announced transaction whereby the Company’s wholly-owned subsidiary, Mount Logan Management LLC (“ML Management”), has become the investment adviser of Capitala Finance Corp. (“Capitala”), a U.S. publicly traded business development company (“BDC”) with approx
Capitala Finance Corp. Completes Transition to New Investment Adviser and Changes Name to Logan Ridge Finance Corporation
NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (“LRFC” or the “Company”) (NASDAQ: LRFC) (formerly Capitala Finance Corp. (NASDAQ: CPTA)) today announced that it has completed its previously announced transition to a new investment adviser, Mount Logan Management LLC (“Mount Logan”). Mount Logan is a wholly-owned subsidiary of Mount Logan Capital Inc. (NEO:MLC) (“MLC”), both affiliates of BC Partners Advisors L.P. (“BC Partners”) for U.S. regulatory purposes. Ted Gold
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Capitala Finance (CPTA) delivered earnings and revenue surprises of -96.43% and -21.69%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
CHARLOTTE, N.C., May 03, 2021 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) ("Capitala", the “Company”, “we”, “us”, or “our”) today announced its financial results for the first quarter of 2021. First Quarter Highlights Net asset value per share of $44.74 at March 31, 2021, an increase of 11.3% from December 31, 2020Repaid $20.0 million of SBA-guaranteed debenturesTotal debt-to-equity of 1.62:1 at March 31, 2021, compared to 1.98:1 at December 31, 2020, regulatory debt-to-equity 1.03:1 at March 31, 2021 Management Commentary In describing the Company’s first quarter activities, Joseph B. Alala, III, Chairman and Chief Executive Officer, stated, “We are pleased to report a significant increase in NAV per share, driven by improved performance of our portfolio of investments and...
CHARLOTTE, N.C., April 29, 2021 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a leading provider of capital to lower middle market companies, is pleased to announce the recapitalization of United Air Temp, Air Conditioning and Heating LLC (“UAT”), a leading provider of residential heating, ventilation, and air condition services, in partnership with Summit Park, Pareto & Company, and the UAT management team. Headquartered in Lorton, Virginia, UAT provides HVAC maintenance and replacement services to residential homeowners. UAT has built a large, loyal customer base through its best-in-class service and responsiveness, as well as consistent, high-quality work from its skilled technicians. With 32 locations, its primary operations are in Washington, D.C. and the surrounding area in Nor...
Solid revenue growth, provision benefit and rise in assets balance support Raymond James' (RJF) fiscal Q2 earnings.
CHARLOTTE, N.C., April 06, 2021 (GLOBE NEWSWIRE) -- Capitala Finance Corp. (Nasdaq:CPTA) (the “Company”) announced today that it will report its first quarter 2021 financial results on Monday, May 3, 2021 after the close of the financial markets. Management will host a conference call to discuss the operating and financial results at 8:30 a.m. EDT on Tuesday, May 4, 2021. The call will be broadcast live in listen-only mode on the Company’s investor relations website at https://investor.capitalagroup.com. To participate in the conference call, please dial (877) 312-5507 approximately 10 minutes prior to the call. International callers should dial (253) 237-1134. Please reference conference ID #3769467. About Capitala Finance Corp.Capitala Finance Corp. is a business development company t...
Decrease in total investment income hampers Capitala Finance's (CPTA) Q4 results.
Capitala Finance (CPTA) delivered earnings and revenue surprises of -110.34% and -12.36%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?