Brokerages expect that Capitala Finance (NASDAQ:CPTA) will post earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Capitala Finance’s earnings. The highest EPS estimate is $0.25 and the lowest is $0.23. Capitala Finance posted earnings per share of $0.39 during the same quarter last year, which would suggest a negative year over year growth rate of 38.5%. The business is expected to announce its next earnings results after the market closes on Monday, May 7th.
According to Zacks, 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 forecast that the company will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last announced its earnings results on Tuesday, February 27th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $9.96 million for the quarter, compared to the consensus estimate of $12.02 million. Capitala Finance had a negative net margin of 14.13% and a positive return on equity of 6.64%.
Several analysts have issued reports on CPTA shares. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. ValuEngine raised Capitala Finance from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Capitala Finance presently has a consensus rating of “Hold” and an average target price of $13.50.
NASDAQ CPTA traded down $0.11 during midday trading on Tuesday, hitting $7.76. 54,849 shares of the company traded hands, compared to its average volume of 82,227. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $123.84, a PE ratio of 8.00 and a beta of 0.95. Capitala Finance has a 52 week low of $6.88 and a 52 week high of $14.30.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 28th. Stockholders of record on Wednesday, June 20th will be given a $0.0833 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.88%. Capitala Finance’s payout ratio is 102.04%.
In other Capitala Finance news, Director Larry W. Carroll acquired 3,409 shares of the stock in a transaction dated Thursday, March 22nd. The stock was purchased at an average price of $7.80 per share, with a total value of $26,590.20. Following the transaction, the director now directly owns 133,409 shares of the company’s stock, valued at $1,040,590.20. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.10% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of CPTA. Geode Capital Management LLC acquired a new stake in shares of Capitala Finance in the 4th quarter worth $121,000. Oppenheimer & Co. Inc. boosted its position in shares of Capitala Finance by 48.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock worth $265,000 after purchasing an additional 11,935 shares in the last quarter. Regent Investment Management LLC boosted its position in shares of Capitala Finance by 27.5% in the 4th quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock worth $408,000 after purchasing an additional 12,100 shares in the last quarter. Bramshill Investments LLC acquired a new stake in shares of Capitala Finance in the 4th quarter worth $507,000. Finally, Carroll Financial Associates Inc. boosted its position 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 worth $953,000 after purchasing an additional 27,812 shares in the last quarter. 17.52% of the stock is owned by hedge funds and other institutional investors.
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About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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