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.
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