Capitala Finance (NASDAQ:CPTA) announced its quarterly earnings data on Tuesday. The investment management company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.31), Bloomberg Earnings reports. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%.
Shares of Capitala Finance (CPTA) opened at $7.06 on Wednesday. Capitala Finance has a twelve month low of $7.01 and a twelve month high of $14.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. The company has a market cap of $114.42, a PE ratio of 64.19 and a beta of 1.05.
The firm also recently declared a monthly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were issued a $0.0833 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 14.16%. Capitala Finance’s dividend payout ratio is currently 909.17%.
In other Capitala Finance news, Director Larry W. Carroll purchased 10,000 shares of Capitala Finance stock in a transaction dated Thursday, December 21st. The stock was acquired at an average price of $7.50 per share, for a total transaction of $75,000.00. Following the acquisition, the director now owns 130,000 shares in the company, valued at approximately $975,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 20,520 shares of company stock valued at $155,162. Company insiders own 8.40% of the company’s stock.
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About Capitala Finance
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
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