Equities analysts expect that Capitala Finance Corp (NASDAQ:CPTA) will post earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Two analysts have made estimates for Capitala Finance’s earnings, with estimates ranging from $0.24 to $0.25. Capitala Finance also posted earnings per share of $0.25 in the same quarter last year. The firm is scheduled to issue its next earnings results on Monday, November 4th.
On average, analysts expect that Capitala Finance will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.00. For the next year, analysts expect that the business will post earnings of $0.99 per share, with EPS estimates ranging from $0.97 to $1.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, August 5th. The investment management company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $11.59 million for the quarter, compared to analyst estimates of $12.48 million. Capitala Finance had a positive return on equity of 8.44% and a negative net margin of 107.00%.
A number of equities research analysts have issued reports on CPTA shares. LADENBURG THALM/SH SH lowered Capitala Finance from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. ValuEngine lowered Capitala Finance from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research lowered Capitala Finance from a “hold” rating to a “sell” rating in a research report on Monday.
Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in shares of Capitala Finance during the 2nd quarter worth about $27,000. Eidelman Virant Capital acquired a new stake in shares of Capitala Finance during the 2nd quarter worth about $94,000. Franklin Street Advisors Inc. NC acquired a new stake in shares of Capitala Finance during the 1st quarter worth about $108,000. Virtu Financial LLC acquired a new stake in shares of Capitala Finance during the 1st quarter worth about $179,000. Finally, AJO LP acquired a new stake in shares of Capitala Finance during the 1st quarter worth about $234,000. 16.42% of the stock is currently owned by institutional investors and hedge funds.
CPTA stock traded down $0.13 during mid-day trading on Monday, reaching $8.01. The company had a trading volume of 189,884 shares, compared to its average volume of 99,255. The company has a debt-to-equity ratio of 1.77, a current ratio of 4.42 and a quick ratio of 1.13. The company has a market cap of $129.20 million, a P/E ratio of 8.01 and a beta of 1.13. The company has a fifty day moving average of $9.42. Capitala Finance has a fifty-two week low of $6.46 and a fifty-two week high of $9.99.
The firm also recently announced a dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 22nd will be given a dividend of $0.083 per share. The ex-dividend date is Wednesday, August 21st. 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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