Zacks: Brokerages Anticipate Capitala Finance Corp (NASDAQ:CPTA) to Post $0.22 Earnings Per Share

Brokerages expect Capitala Finance Corp (NASDAQ:CPTA) to report earnings of $0.22 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Capitala Finance’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Capitala Finance also reported earnings of $0.22 per share during the same quarter last year. The company is scheduled to report its next earnings results on Monday, March 2nd.

On average, analysts expect that Capitala Finance will report full-year earnings of $0.90 per share for the current fiscal year, with EPS estimates ranging from $0.88 to $0.91. For the next year, analysts forecast that the company will post earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, November 4th. The investment management company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). The firm had revenue of $10.13 million for the quarter, compared to the consensus estimate of $11.59 million. Capitala Finance had a positive return on equity of 8.57% and a negative net margin of 80.46%.

Several research analysts have commented on the company. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods downgraded Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 target price for the company. in a research note on Sunday, October 20th. ValuEngine downgraded Capitala Finance from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, LADENBURG THALM/SH SH downgraded Capitala Finance from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 6th.

Shares of CPTA stock traded up $0.03 on Wednesday, hitting $8.52. 1,493 shares of the stock were exchanged, compared to its average volume of 101,356. Capitala Finance has a one year low of $6.46 and a one year high of $9.99. The firm’s 50 day moving average is $8.48 and its two-hundred day moving average is $8.71. The company has a current ratio of 15.22, a quick ratio of 15.22 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $137.33 million, a PE ratio of 8.53 and a beta of 1.19.

The business also recently announced a dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 22nd were paid a $0.0833 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Capitala Finance’s previous dividend of $0.08. Capitala Finance’s dividend payout ratio (DPR) is currently 100.00%.

A number of hedge funds and other institutional investors have recently modified their holdings of CPTA. JPMorgan Chase & Co. bought a new position in Capitala Finance in the 2nd quarter worth about $27,000. Eidelman Virant Capital bought a new stake in shares of Capitala Finance during the 2nd quarter valued at about $94,000. Biltmore Capital Advisors LLC boosted its position in shares of Capitala Finance by 33.3% during the 3rd quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock valued at $133,000 after acquiring an additional 4,000 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Capitala Finance by 572.1% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,355 shares of the investment management company’s stock valued at $221,000 after acquiring an additional 19,880 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of Capitala Finance by 119.6% during the 2nd quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock valued at $309,000 after acquiring an additional 17,854 shares during the last quarter. Institutional investors and hedge funds own 15.71% of the company’s stock.

Capitala Finance Company Profile

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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