Analysts Anticipate Capitala Finance (CPTA) to Announce $0.24 Earnings Per Share

Analysts expect Capitala Finance (NASDAQ:CPTA) to report earnings per share (EPS) of $0.24 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Capitala Finance’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. Capitala Finance posted earnings of $0.39 per share in the same quarter last year, which indicates a negative year over year growth rate of 38.5%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, May 14th.

According to Zacks, analysts expect that Capitala Finance will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.18. For the next year, analysts expect that the business will post earnings of $1.08 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Capitala Finance.

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Capitala Finance (NASDAQ:CPTA) last released its quarterly earnings data on Tuesday, February 27th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Capitala Finance had a negative net margin of 14.13% and a positive return on equity of 6.64%. The company had revenue of $9.96 million for the quarter, compared to the consensus estimate of $12.02 million.

A number of analysts recently issued reports on CPTA shares. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Capitala Finance presently has an average rating of “Hold” and an average target price of $13.50.

In other Capitala Finance news, Director Larry W. Carroll bought 3,409 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were acquired at an average cost of $7.80 per share, for a total transaction of $26,590.20. Following the purchase, the director now directly owns 133,409 shares of the company’s stock, valued at $1,040,590.20. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 9.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP increased its stake in Capitala Finance by 26.8% in the 4th quarter. Two Sigma Advisers LP now owns 222,009 shares of the investment management company’s stock worth $1,616,000 after acquiring an additional 46,946 shares during the last quarter. BB&T Securities LLC boosted its holdings in shares of Capitala Finance by 24.8% in the 3rd quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock worth $1,980,000 after purchasing an additional 41,262 shares in the last quarter. Ares Management LLC boosted its holdings in shares of Capitala Finance by 13.3% in the 4th quarter. Ares Management LLC now owns 206,455 shares of the investment management company’s stock worth $1,503,000 after purchasing an additional 24,242 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Capitala Finance by 6.8% in the 4th quarter. Two Sigma Investments LP now owns 180,405 shares of the investment management company’s stock worth $1,313,000 after purchasing an additional 11,512 shares in the last quarter. Finally, Carroll Financial Associates Inc. boosted its holdings in shares of Capitala Finance by 27.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock worth $953,000 after purchasing an additional 27,812 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

NASDAQ:CPTA opened at $7.87 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.65 and a current ratio of 2.65. Capitala Finance has a 52-week low of $6.88 and a 52-week high of $14.30. The firm has a market cap of $125.91, a P/E ratio of 8.13 and a beta of 0.95.

The firm also recently announced a monthly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 20th will be paid a $0.0833 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $1.00 dividend on an annualized basis and a yield of 12.70%. Capitala Finance’s dividend payout ratio is currently 102.04%.

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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 and retail, energy, and health-care industries.

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