Wall Street analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will post earnings per share of $0.22 for the current quarter, Zacks reports. Two analysts have made estimates for Capitala Finance’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.21. Capitala Finance also posted earnings of $0.22 per share during the same quarter last year. The firm is scheduled to report its next earnings report on Monday, March 2nd.
According to Zacks, analysts expect that Capitala Finance will report full year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.88 to $0.91. For the next fiscal year, analysts forecast that the firm will post earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.00. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last issued its quarterly earnings data on Monday, November 4th. The investment management company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $11.59 million.
Several research firms have issued reports on CPTA. ValuEngine upgraded Capitala Finance from a “sell” rating to a “hold” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods downgraded Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 price objective on the stock. in a report on Sunday, October 20th. Finally, Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th.
NASDAQ CPTA traded up $0.03 on Friday, hitting $8.90. 118,628 shares of the company were exchanged, compared to its average volume of 131,516. The company’s 50 day moving average price is $8.68 and its 200-day moving average price is $8.62. The company has a debt-to-equity ratio of 1.80, a current ratio of 15.22 and a quick ratio of 15.22. The firm has a market capitalization of $143.60 million, a P/E ratio of -3.90 and a beta of 1.18. Capitala Finance has a twelve month low of $7.34 and a twelve month high of $9.99.
The business also recently disclosed a monthly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 23rd will be issued a dividend of $0.0833 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.00 annualized dividend and a yield of 11.23%. Capitala Finance’s payout ratio is presently 100.00%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Capitala Finance during the 2nd quarter worth about $437,000. Ladenburg Thalmann Financial Services Inc. grew its stake in Capitala Finance by 572.1% during the 2nd 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. Biltmore Capital Advisors LLC grew its stake in Capitala Finance by 33.3% during the 3rd quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock valued at $133,000 after acquiring an additional 4,000 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in Capitala Finance during the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 15.53% of the company’s stock.
Capitala Finance Company Profile
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.
Featured Article: What is the Euro STOXX 50 Index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.