Wall Street analysts expect Capitala Finance Corp (NASDAQ:CPTA) to announce $10.81 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Capitala Finance’s earnings, with the highest sales estimate coming in at $10.87 million and the lowest estimate coming in at $10.76 million. Capitala Finance posted sales of $11.31 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.4%. The business is expected to issue its next earnings results on Monday, March 2nd.
On average, analysts expect that Capitala Finance will report full year sales of $45.21 million for the current year, with estimates ranging from $45.16 million to $45.27 million. For the next fiscal year, analysts anticipate that the firm will report sales of $47.49 million, with estimates ranging from $45.33 million to $49.65 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last released its earnings results on Monday, November 4th. The investment management company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). Capitala Finance had a negative net margin of 80.46% and a positive return on equity of 8.57%. The company had revenue of $10.13 million during the quarter, compared to analyst estimates of $11.59 million.
A number of equities research analysts have recently commented on the company. LADENBURG THALM/SH SH lowered Capitala Finance from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. ValuEngine downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods downgraded Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 price objective for the company. in a report on Sunday, October 20th. Finally, Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 7th.
Several large investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC bought a new position in shares of Capitala Finance during the second quarter worth about $1,985,000. BB&T Securities LLC grew its holdings in shares of Capitala Finance by 12.2% in the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 10,381 shares in the last quarter. BlackRock Inc. bought a new position in shares of Capitala Finance in the second quarter valued at approximately $437,000. Acadian Asset Management LLC grew its holdings in shares of Capitala Finance by 119.6% in the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 17,854 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Capitala Finance by 572.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,355 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 19,880 shares in the last quarter. Institutional investors and hedge funds own 15.71% of the company’s stock.
Shares of NASDAQ CPTA traded up $0.02 during mid-day trading on Friday, reaching $8.56. 79,923 shares of the company’s stock were exchanged, compared to its average volume of 101,356. The firm has a market capitalization of $137.69 million, a price-to-earnings ratio of 8.56 and a beta of 1.19. The company has a current ratio of 15.22, a quick ratio of 15.22 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $8.48 and a 200 day simple moving average of $8.70. Capitala Finance has a twelve month low of $6.46 and a twelve month high of $9.99.
The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a dividend of $0.0833 per share. The ex-dividend date was Thursday, November 21st. This is an increase from Capitala Finance’s previous dividend of $0.08. Capitala Finance’s dividend payout ratio (DPR) is presently 100.00%.
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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