Equities analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will report earnings of $0.27 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Capitala Finance’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.26. Capitala Finance reported earnings per share of $0.43 during the same quarter last year, which indicates a negative year over year growth rate of 37.2%. The company is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.
According to Zacks, analysts expect that Capitala Finance will report full year earnings of $1.02 per share for the current year, with EPS estimates ranging from $0.97 to $1.18. For the next fiscal year, analysts forecast that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Capitala Finance.
CPTA has been the topic of a number of recent analyst reports. ValuEngine raised shares of Capitala Finance from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research raised shares of Capitala Finance from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Jefferies Group lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research report on Friday, November 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $13.50.
Capitala Finance (CPTA) traded down $0.04 during trading hours on Monday, hitting $7.39. 101,878 shares of the stock were exchanged, compared to its average volume of 114,507. Capitala Finance has a 12 month low of $7.12 and a 12 month high of $14.65. The company has a market capitalization of $115.89, a price-to-earnings ratio of 67.18 and a beta of 1.01. The company has a debt-to-equity ratio of 1.29, a quick ratio of 21.58 and a current ratio of 21.58.
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be paid a $0.0833 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 13.53%. Capitala Finance’s payout ratio is 909.09%.
In related news, Director Larry W. Carroll acquired 10,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were acquired at an average price of $7.50 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now owns 130,000 shares in the company, valued at approximately $975,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 20,520 shares of company stock worth $155,162. 8.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in shares of Capitala Finance in the fourth quarter worth $121,000. GSA Capital Partners LLP acquired a new stake in shares of Capitala Finance in the second quarter worth $150,000. Oppenheimer & Co. Inc. grew its stake in shares of Capitala Finance by 48.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock worth $265,000 after acquiring an additional 11,935 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Capitala Finance by 396.2% in the second quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after acquiring an additional 19,650 shares during the last quarter. Finally, Regent Investment Management LLC grew its stake in shares of Capitala Finance by 27.5% in the fourth quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock worth $408,000 after acquiring an additional 12,100 shares during the last quarter. Institutional investors and hedge funds own 18.24% of the company’s stock.
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Capitala Finance Company Profile
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’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.
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