Capitala Finance (NASDAQ:CPTA) released its earnings results on Sunday. The investment management company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.52), Fidelity Earnings reports. Capitala Finance had a negative net margin of 118.60% and a positive return on equity of 1.74%.
CPTA traded up $0.20 during trading on Tuesday, hitting $19.95. The company had a trading volume of 72,550 shares, compared to its average volume of 23,712. The company has a market cap of $54.08 million, a PE ratio of -1.50 and a beta of 1.85. The business has a 50-day moving average of $16.79 and a 200-day moving average of $14.45. The company has a debt-to-equity ratio of 1.97, a current ratio of 10.35 and a quick ratio of 10.35. Capitala Finance has a 1-year low of $8.40 and a 1-year high of $23.16.
Separately, Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report 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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