Analysts predict that Capitala Finance Corp (NASDAQ:CPTA) will report earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Capitala Finance’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.23. Capitala Finance reported earnings of $0.26 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.8%. The firm is expected to announce its next earnings report on Tuesday, February 26th.
According to Zacks, analysts expect that Capitala Finance will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.07. For the next financial year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings results on Monday, August 6th. The investment management company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.05). Capitala Finance had a negative net margin of 16.14% and a positive return on equity of 7.76%. The business had revenue of $11.88 million for the quarter, compared to analysts’ expectations of $12.41 million.
Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position 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 worth $124,000 after purchasing an additional 11,839 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $156,000. Eqis Capital Management Inc. bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $182,000. Stephens Inc. AR bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $597,000. Finally, Advisors Asset Management Inc. boosted its position 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 worth $2,047,000 after purchasing an additional 2,238,919 shares in the last quarter. Hedge funds and other institutional investors own 16.01% of the company’s stock.
NASDAQ:CPTA traded down $0.05 during mid-day trading on Friday, reaching $8.12. 112,300 shares of the company’s stock traded hands, compared to its average volume of 76,765. Capitala Finance has a 12-month low of $6.88 and a 12-month high of $9.05. The company has a market cap of $129.35 million, a PE ratio of 8.31 and a beta of 0.97. The company has a debt-to-equity ratio of 1.41, a current ratio of 18.16 and a quick ratio of 4.64.
The company also recently announced a dividend, which will be paid on Thursday, November 29th. Shareholders of record on Wednesday, November 21st will be issued a dividend of $0.083 per share. The ex-dividend date of this dividend is Tuesday, November 20th. Capitala Finance’s dividend payout ratio (DPR) 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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