Equities analysts expect Capitala Finance Corp (NASDAQ:CPTA) to post $11.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Capitala Finance’s earnings, with the lowest sales estimate coming in at $11.43 million and the highest estimate coming in at $11.96 million. Capitala Finance posted sales of $12.31 million during the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The firm is scheduled to announce its next earnings report after the market closes on Monday, November 5th.
On average, analysts expect that Capitala Finance will report full year sales of $48.32 million for the current year, with estimates ranging from $47.68 million to $48.70 million. For the next fiscal year, analysts forecast that the firm will report sales of $50.06 million, with estimates ranging from $48.90 million to $51.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that follow Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last released its earnings results on Monday, August 6th. The investment management company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.05). The firm had revenue of $11.88 million during the quarter, compared to analysts’ expectations of $12.41 million. Capitala Finance had a negative net margin of 2.68% and a positive return on equity of 7.81%.
Several equities research analysts recently commented on CPTA shares. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.00 price target on shares of Capitala Finance in a report on Wednesday, August 8th. Finally, ValuEngine raised Capitala Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.13.
Shares of NASDAQ CPTA traded up $0.04 during midday trading on Friday, hitting $8.67. The stock had a trading volume of 46,700 shares, compared to its average volume of 76,125. The company has a market cap of $137.61 million, a PE ratio of 8.85 and a beta of 0.97. Capitala Finance has a 1 year low of $6.88 and a 1 year high of $9.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.64 and a quick ratio of 4.64.
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 30th. Investors of record on Tuesday, October 23rd will be issued a $0.083 dividend. The ex-dividend date is Monday, October 22nd. This represents a $1.00 annualized dividend and a dividend yield of 11.49%. Capitala Finance’s dividend payout ratio is presently 102.04%.
Large investors have recently bought and sold shares of the stock. Macquarie Group Ltd. acquired a new stake in Capitala Finance during the second quarter worth $156,000. Eqis Capital Management Inc. acquired a new stake in Capitala Finance during the second quarter worth $182,000. Susquehanna Fundamental Investments LLC acquired a new stake in Capitala Finance during the first quarter worth $187,000. Ancora Advisors LLC increased its stake in Capitala Finance by 20.0% during the first quarter. Ancora Advisors LLC now owns 60,000 shares of the investment management company’s stock worth $463,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Stephens Inc. AR acquired a new stake in Capitala Finance during the second quarter worth $597,000. 16.03% of the stock is owned by hedge funds and other institutional investors.
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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