Capitala Finance Corp (CPTA) Expected to Announce Quarterly Sales of $11.65 Million

Wall Street analysts expect Capitala Finance Corp (NASDAQ:CPTA) to announce sales of $11.65 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Capitala Finance’s earnings. The lowest sales estimate is $11.30 million and the highest is $12.16 million. Capitala Finance posted sales of $9.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 17%. The business is scheduled to report its next earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Capitala Finance will report full year sales of $47.78 million for the current financial year, with estimates ranging from $47.30 million to $48.57 million. For the next year, analysts forecast that the company will report sales of $49.28 million, with estimates ranging from $47.60 million to $50.18 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Capitala Finance.

CPTA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $9.00 price target 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.13.

A number of large investors have recently made changes to their positions in CPTA. Acadian Asset Management LLC increased its holdings in Capitala Finance by 501.2% during 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 during the period. Macquarie Group Ltd. purchased a new position in Capitala Finance during the 2nd quarter valued at about $156,000. Eqis Capital Management Inc. purchased a new position in Capitala Finance during the 2nd quarter valued at about $182,000. Stephens Inc. AR purchased a new position in Capitala Finance during the 2nd quarter valued at about $597,000. Finally, Advisors Asset Management Inc. increased its holdings in Capitala Finance by 606.9% during 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 during the period. Institutional investors own 16.01% of the company’s stock.

Shares of NASDAQ CPTA traded up $0.03 during midday trading on Monday, reaching $8.15. The company had a trading volume of 69,207 shares, compared to its average volume of 75,868. Capitala Finance has a one year low of $6.88 and a one year high of $9.05. The firm has a market cap of $130.96 million, a PE ratio of 8.32 and a beta of 0.97. The company has a current ratio of 18.16, a quick ratio of 4.64 and a debt-to-equity ratio of 1.41.

The firm also recently declared a dividend, which will be paid on Thursday, November 29th. Investors of record on Wednesday, November 21st will be issued a dividend of $0.083 per share. The ex-dividend date is Tuesday, November 20th. Capitala Finance’s dividend payout ratio is presently 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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