Equities analysts predict that Capitala Finance Corp (NASDAQ:CPTA) will announce $0.25 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for Capitala Finance’s earnings, with estimates ranging from $0.24 to $0.26. Capitala Finance posted earnings of $0.28 per share in the same quarter last year, which suggests a negative year over year growth rate of 10.7%. The company is scheduled to issue its next quarterly earnings results after the market closes on Monday, November 5th.
On average, analysts expect that Capitala Finance will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.03 to $1.07. For the next financial year, analysts anticipate that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.03 to $1.10. 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 issued its quarterly earnings results on Monday, August 6th. The investment management company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). The company had revenue of $11.88 million during the quarter, compared to analyst estimates of $12.41 million. Capitala Finance had a positive return on equity of 7.81% and a negative net margin of 2.68%.
A number of brokerages have recently weighed in on CPTA. Zacks Investment Research raised shares of Capitala Finance from a “sell” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.00 price target on shares of Capitala Finance in a research note on Wednesday, August 8th. Finally, ValuEngine raised shares of Capitala Finance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Capitala Finance has a consensus rating of “Hold” and a consensus price target of $9.13.
Several large investors have recently modified their holdings of CPTA. Macquarie Group Ltd. bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $156,000. Eqis Capital Management Inc. bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $182,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Capitala Finance in the 1st quarter worth approximately $187,000. Ancora Advisors LLC raised its holdings in shares of Capitala Finance by 20.0% in the 1st quarter. Ancora Advisors LLC now owns 60,000 shares of the investment management company’s stock worth $463,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $597,000. 16.03% of the stock is owned by institutional investors.
Shares of NASDAQ:CPTA opened at $8.54 on Wednesday. The company has a market capitalization of $139.37 million, a PE ratio of 8.71 and a beta of 0.97. Capitala Finance has a twelve month low of $6.88 and a twelve month high of $9.23. The company has a quick ratio of 4.64, a current ratio of 4.64 and a debt-to-equity ratio of 1.33.
The business also recently declared a monthly dividend, which will be paid on Tuesday, October 30th. Stockholders of record on Tuesday, October 23rd will be paid a $0.083 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.66%. The ex-dividend date of this dividend is Monday, October 22nd. Capitala Finance’s dividend payout ratio is currently 102.04%.
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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