Capitala Finance Corp (NASDAQ:CPTA) Expected to Post Earnings of $0.22 Per Share

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Analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will report earnings per share (EPS) of $0.22 for the current quarter, Zacks reports. Two analysts have issued estimates for Capitala Finance’s earnings, with estimates ranging from $0.21 to $0.22. Capitala Finance also reported earnings per share of $0.22 in the same quarter last year. The company is scheduled to issue 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 year, with EPS estimates ranging from $0.88 to $0.91. For the next financial year, analysts forecast that the company will report earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Capitala Finance.

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

CPTA has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. LADENBURG THALM/SH SH cut shares of Capitala Finance from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th. Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods cut shares of Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 target price for the company. in a report on Sunday, October 20th.

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in Capitala Finance in the second quarter valued at about $27,000. Biltmore Capital Advisors LLC increased its holdings in Capitala Finance by 33.3% in the third quarter. Biltmore Capital Advisors LLC now owns 16,000 shares of the investment management company’s stock valued at $133,000 after buying an additional 4,000 shares in the last quarter. Eidelman Virant Capital purchased a new position in Capitala Finance in the second quarter valued at about $94,000. BB&T Securities LLC increased its holdings in Capitala Finance by 12.2% in the second quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock valued at $903,000 after buying an additional 10,381 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Capitala Finance by 119.6% in the second quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock valued at $309,000 after buying an additional 17,854 shares in the last quarter. 15.71% of the stock is owned by institutional investors.

NASDAQ:CPTA traded up $0.03 during mid-day trading on Wednesday, reaching $8.52. The stock had a trading volume of 1,493 shares, compared to its average volume of 101,356. The company has a debt-to-equity ratio of 1.80, a quick ratio of 15.22 and a current ratio of 15.22. The firm has a market capitalization of $137.33 million, a price-to-earnings ratio of 8.53 and a beta of 1.19. Capitala Finance has a twelve month low of $6.46 and a twelve month high of $9.99. The business has a 50 day simple moving average of $8.48 and a 200 day simple moving average of $8.71.

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

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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Earnings History and Estimates for Capitala Finance (NASDAQ:CPTA)

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