$0.40 Earnings Per Share Expected for Capitala Finance Corp (CPTA) This Quarter
Equities analysts expect that Capitala Finance Corp (NASDAQ:CPTA) will report earnings per share of $0.40 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Capitala Finance Corp’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.41. Capitala Finance Corp posted earnings of $0.47 per share during the same quarter last year, which would indicate a negative year over year growth rate of 14.9%. The business is expected to announce its next quarterly earnings results after the market closes on Monday, May 8th.
According to Zacks, analysts expect that Capitala Finance Corp will report full year earnings of $1.62 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.65. For the next year, analysts forecast that the business will post earnings of $1.66 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Capitala Finance Corp.
Capitala Finance Corp (NASDAQ:CPTA) last announced its earnings results on Tuesday, March 7th. The investment management company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Capitala Finance Corp had a positive return on equity of 11.51% and a negative net margin of 11.51%. The business earned $16.51 million during the quarter, compared to analyst estimates of $15.55 million.
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Several equities analysts have commented on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price target on shares of Capitala Finance Corp in a research report on Wednesday. TheStreet raised shares of Capitala Finance Corp from a “c” rating to a “b-” rating in a research report on Friday, April 7th. FBR & Co reissued a “hold” rating and issued a $14.00 price target on shares of Capitala Finance Corp in a research report on Friday, March 10th. Finally, Zacks Investment Research raised shares of Capitala Finance Corp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.31.
Capitala Finance Corp (NASDAQ:CPTA) opened at 14.09 on Thursday. The firm’s 50 day moving average price is $14.13 and its 200 day moving average price is $13.47. The stock has a market cap of $223.72 million, a price-to-earnings ratio of 24.34 and a beta of 1.08. Capitala Finance Corp has a 12 month low of $11.51 and a 12 month high of $15.80.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 27th. Stockholders of record on Wednesday, April 19th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 17th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.07%. Capitala Finance Corp’s payout ratio is -305.88%.
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Several large investors have recently made changes to their positions in the stock. Armor Investment Advisors LLC purchased a new stake in shares of Capitala Finance Corp during the fourth quarter worth $398,000. GSA Capital Partners LLP raised its stake in shares of Capitala Finance Corp by 147.7% in the fourth quarter. GSA Capital Partners LLP now owns 32,200 shares of the investment management company’s stock worth $416,000 after buying an additional 19,200 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Capitala Finance Corp by 42.3% in the third quarter. Susquehanna International Group LLP now owns 43,785 shares of the investment management company’s stock worth $574,000 after buying an additional 13,010 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its stake in shares of Capitala Finance Corp by 9.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 84,594 shares of the investment management company’s stock worth $1,109,000 after buying an additional 7,233 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Capitala Finance Corp during the fourth quarter worth $1,131,000. Institutional investors and hedge funds own 25.78% of the company’s stock.
Capitala Finance Corp Company Profile
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
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