Capitala Finance (NASDAQ:CPTA) released its quarterly earnings results on Sunday. The investment management company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.52), Fidelity Earnings reports. Capitala Finance had a positive return on equity of 1.74% and a negative net margin of 118.60%.
Shares of CPTA traded up $0.20 during mid-day trading on Tuesday, reaching $19.95. 72,550 shares of the company’s stock were exchanged, compared to its average volume of 23,712. The company has a quick ratio of 10.35, a current ratio of 10.35 and a debt-to-equity ratio of 1.97. Capitala Finance has a 52-week low of $8.40 and a 52-week high of $23.16. The company has a market cap of $54.08 million, a price-to-earnings ratio of -1.48 and a beta of 1.85. The company has a 50-day simple moving average of $16.71 and a two-hundred day simple moving average of $14.40.
Separately, Zacks Investment Research lowered Capitala Finance from a “hold” rating to a “sell” rating in a report on Tuesday, March 9th.
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 goods, textile apparel and luxury goods, leisure goods, household durables, retail, energy, and health-care industries.
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