Capitala Finance Corp (NASDAQ:CPTA) Expected to Post Earnings of $0.22 Per Share

Wall Street analysts expect Capitala Finance Corp (NASDAQ:CPTA) to report earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capitala Finance’s earnings, with estimates ranging from $0.21 to $0.22. Capitala Finance also posted earnings per share of $0.22 in the same quarter last year. The company is scheduled to report its next earnings results on Monday, March 2nd.

On average, 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 financial year, analysts forecast that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last announced its earnings results on Monday, November 4th. The investment management company reported $0.18 earnings per share (EPS) 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 business had revenue of $10.13 million for the quarter, compared to analysts’ expectations of $11.59 million.

CPTA has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. LADENBURG THALM/SH SH lowered shares of Capitala Finance from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods lowered shares of Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 price objective on the stock. in a research report on Sunday, October 20th.

Capitala Finance stock traded up $0.02 during midday trading on Wednesday, reaching $8.56. The stock had a trading volume of 79,923 shares, compared to its average volume of 101,356. The company has a quick ratio of 15.22, a current ratio of 15.22 and a debt-to-equity ratio of 1.80. Capitala Finance has a 52-week low of $6.46 and a 52-week high of $9.99. The firm has a market cap of $137.69 million, a price-to-earnings ratio of 8.56 and a beta of 1.19. The company has a fifty day moving average of $8.48 and a 200 day moving average of $8.70.

The company also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were given a $0.0833 dividend. This is a positive change from Capitala Finance’s previous dividend of $0.08. The ex-dividend date was Thursday, November 21st. Capitala Finance’s dividend payout ratio is 100.00%.

A number of institutional investors have recently bought and sold shares of the stock. Virtus ETF Advisers LLC purchased a new stake in Capitala Finance in the 2nd quarter worth about $1,985,000. BB&T Securities LLC increased its position in shares of Capitala Finance by 12.2% during the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock worth $903,000 after acquiring an additional 10,381 shares during the period. BlackRock Inc. purchased a new position in shares of Capitala Finance during the second quarter worth approximately $437,000. Acadian Asset Management LLC increased its position in shares of Capitala Finance by 119.6% during the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock worth $309,000 after acquiring an additional 17,854 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Capitala Finance by 572.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,355 shares of the investment management company’s stock worth $221,000 after acquiring an additional 19,880 shares during the period. 15.71% of the stock is currently owned by institutional investors.

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: Neutral Rating

Get a free copy of the Zacks research report on Capitala Finance (CPTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Capitala Finance (NASDAQ:CPTA)

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.