Wall Street brokerages forecast that Capitala Finance Corp (NASDAQ:CPTA) will announce earnings of $0.24 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capitala Finance’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. Capitala Finance reported earnings per share of $0.39 in the same quarter last year, which would suggest a negative year over year growth rate of 38.5%. The business is expected to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Capitala Finance will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.18. For the next year, analysts expect that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Capitala Finance.
CPTA has been the topic of a number of recent research reports. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Capitala Finance currently has an average rating of “Hold” and an average price target of $13.50.
Several institutional investors have recently made changes to their positions in CPTA. Bramshill Investments LLC acquired a new position in shares of Capitala Finance in the 4th quarter valued at $507,000. Two Sigma Advisers LP lifted its stake in shares of Capitala Finance by 26.8% in the 4th quarter. Two Sigma Advisers LP now owns 222,009 shares of the investment management company’s stock valued at $1,616,000 after purchasing an additional 46,946 shares during the last quarter. BB&T Securities LLC lifted its stake in shares of Capitala Finance by 24.8% in the 3rd quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock valued at $1,980,000 after purchasing an additional 41,262 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of Capitala Finance by 27.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock valued at $953,000 after purchasing an additional 27,812 shares during the last quarter. Finally, Ares Management LLC lifted its stake in shares of Capitala Finance by 13.3% in the 4th quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock valued at $1,503,000 after purchasing an additional 24,242 shares during the last quarter. 17.29% of the stock is currently owned by institutional investors and hedge funds.
Capitala Finance (CPTA) traded down $0.10 during midday trading on Friday, reaching $7.87. The company’s stock had a trading volume of 29,388 shares, compared to its average volume of 107,082. The firm has a market capitalization of $127.03, a price-to-earnings ratio of 8.21 and a beta of 1.07. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.65 and a quick ratio of 2.65. Capitala Finance has a one year low of $6.88 and a one year high of $14.48.
The firm also recently declared a monthly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were paid a $0.0833 dividend. This represents a $1.00 annualized dividend and a dividend yield of 12.70%. The ex-dividend date of this dividend was Friday, February 16th. Capitala Finance’s dividend payout ratio (DPR) is presently -227.27%.
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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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