Capitala Finance Corp (CPTA) Expected to Post Earnings of $0.25 Per Share

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Wall Street brokerages expect Capitala Finance Corp (NASDAQ:CPTA) to report earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Three analysts have made estimates for Capitala Finance’s earnings, with estimates ranging from $0.23 to $0.26. Capitala Finance reported earnings of $0.26 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.8%. The firm is scheduled to announce its next earnings results on Tuesday, February 26th.

On average, analysts expect that Capitala Finance will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.07. For the next financial year, analysts expect that the firm will report earnings of $1.05 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Capitala Finance.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday. ValuEngine upgraded shares of Capitala Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.00 price objective on shares of Capitala Finance in a report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.13.

Several institutional investors and hedge funds have recently made changes to their positions in CPTA. Eqis Capital Management Inc. acquired a new stake in shares of Capitala Finance in the 2nd quarter valued at $182,000. Stephens Inc. AR acquired a new stake in shares of Capitala Finance in the 2nd quarter valued at $597,000. Macquarie Group Ltd. acquired a new stake in shares of Capitala Finance in the 2nd quarter valued at $156,000. Advisors Asset Management Inc. raised its holdings in shares of Capitala Finance by 606.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,607,821 shares of the investment management company’s stock valued at $2,047,000 after purchasing an additional 2,238,919 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Capitala Finance by 501.2% in the 3rd quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 11,839 shares in the last quarter. Institutional investors and hedge funds own 16.01% of the company’s stock.

Capitala Finance stock traded up $0.03 during mid-day trading on Friday, reaching $8.15. 69,207 shares of the company’s stock were exchanged, compared to its average volume of 75,868. The firm has a market cap of $130.96 million, a PE ratio of 8.32 and a beta of 0.97. Capitala Finance has a twelve month low of $6.88 and a twelve month high of $9.05. The company has a quick ratio of 4.64, a current ratio of 18.16 and a debt-to-equity ratio of 1.41.

The company also recently disclosed a dividend, which will be paid on Thursday, November 29th. Stockholders of record on Wednesday, November 21st will be issued a $0.083 dividend. The ex-dividend date is Tuesday, November 20th. Capitala Finance’s payout ratio is 102.04%.

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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Earnings History and Estimates for Capitala Finance (NASDAQ:CPTA)

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