Capitala Finance Corp (NASDAQ:CPTA) – Analysts at Oppenheimer dropped their FY2018 earnings estimates for shares of Capitala Finance in a report issued on Tuesday, November 6th. Oppenheimer analyst C. Kotowski now expects that the investment management company will post earnings per share of $1.02 for the year, down from their previous forecast of $1.06. Oppenheimer also issued estimates for Capitala Finance’s Q4 2018 earnings at $0.23 EPS, Q1 2019 earnings at $0.22 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.25 EPS and FY2019 earnings at $0.97 EPS.
A number of other equities analysts also recently commented on the company. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and set a $9.00 target price on shares of Capitala Finance in a report on Wednesday, August 8th. Finally, ValuEngine upgraded Capitala Finance from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $9.13.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in Capitala Finance by 501.2% in the third 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. Advisors Asset Management Inc. raised its holdings in Capitala Finance by 606.9% in the second 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. Macquarie Group Ltd. bought a new position in Capitala Finance in the second quarter worth $156,000. Stephens Inc. AR bought a new position in Capitala Finance in the second quarter worth $597,000. Finally, Eqis Capital Management Inc. bought a new position in Capitala Finance in the second quarter worth $182,000. Institutional investors and hedge funds own 16.01% of the company’s stock.
The company also recently disclosed a dividend, which will be paid on Thursday, November 29th. Shareholders of record on Wednesday, November 21st will be issued a $0.083 dividend. The ex-dividend date of this dividend is Tuesday, November 20th. Capitala Finance’s dividend payout ratio (DPR) is 102.04%.
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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