Wall Street analysts expect Capitala Finance Corp (NASDAQ:CPTA) to report earnings per share (EPS) of $0.22 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capitala Finance’s earnings, with estimates ranging from $0.21 to $0.22. Capitala Finance also posted earnings per share of $0.22 in 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 year, with EPS estimates ranging from $0.88 to $0.91. For the next financial year, analysts forecast that the firm will report earnings of $0.89 per share, with EPS estimates ranging from $0.75 to $1.00. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last issued its earnings results on Monday, November 4th. The investment management company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). The business 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 hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of Capitala Finance in the second quarter worth $27,000. Biltmore Capital Advisors LLC raised its position in shares of 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 worth $133,000 after buying an additional 4,000 shares in the last quarter. Eidelman Virant Capital purchased a new stake in shares of Capitala Finance in the second quarter worth $94,000. BB&T Securities LLC raised its position in shares of 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 worth $903,000 after buying an additional 10,381 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of 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 worth $309,000 after buying an additional 17,854 shares in the last quarter. Institutional investors own 15.71% of the company’s stock.
Shares of NASDAQ CPTA traded up $0.02 during trading on Wednesday, reaching $8.56. The company had a trading volume of 79,923 shares, compared to its average volume of 101,356. The stock has a market cap of $137.69 million, a P/E ratio of 8.56 and a beta of 1.19. The company has a quick ratio of 15.22, a current ratio of 15.22 and a debt-to-equity ratio of 1.80. The company’s fifty day moving average price is $8.48 and its 200-day moving average price is $8.70. Capitala Finance has a 12 month low of $6.46 and a 12 month high of $9.99.
The business also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a $0.0833 dividend. This is a positive change from Capitala Finance’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, November 21st. Capitala Finance’s dividend payout ratio (DPR) is presently 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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