Capitala Finance (NASDAQ:CPTA) issued its quarterly earnings data on Sunday. The investment management company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 stock traded up $0.20 during 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. The stock has a market capitalization of $54.08 million, a PE ratio of -1.50 and a beta of 1.85. Capitala Finance has a twelve month low of $8.40 and a twelve month high of $23.16. The firm’s fifty day moving average price is $16.79 and its 200-day moving average price is $14.45.
Separately, Zacks Investment Research cut Capitala Finance from a “hold” rating to a “sell” rating in a research note on Tuesday, March 9th.
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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