Capitala Finance Corp (NASDAQ:CPTA) – Jefferies Group dropped their Q2 2017 EPS estimates for Capitala Finance Corp in a report released on Monday. Jefferies Group analyst J. Hecht now forecasts that the investment management company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.40. Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Capitala Finance Corp’s Q3 2017 earnings at $0.39 EPS, Q4 2017 earnings at $0.39 EPS, FY2017 earnings at $1.56 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.65 EPS.

Several other analysts also recently issued reports on the company. FBR & Co restated a “hold” rating and issued a $14.00 price objective on shares of Capitala Finance Corp in a research report on Friday, March 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.00 price objective on shares of Capitala Finance Corp in a research report on Friday, April 28th. TheStreet upgraded Capitala Finance Corp from a “c” rating to a “b-” rating in a research report on Friday, April 7th. Wunderlich upgraded Capitala Finance Corp from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Zacks Investment Research downgraded Capitala Finance Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.39.

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

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Shares of Capitala Finance Corp (NASDAQ:CPTA) opened at 13.945 on Tuesday. Capitala Finance Corp has a 52 week low of $11.51 and a 52 week high of $15.80. The firm has a 50 day moving average price of $14.05 and a 200-day moving average price of $13.54.

Capitala Finance Corp (NASDAQ:CPTA) last issued its earnings results on Monday, May 8th. The investment management company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Capitala Finance Corp had a positive return on equity of 11.51% and a negative net margin of 11.51%. The business had revenue of $14.82 million during the quarter, compared to the consensus estimate of $16.23 million.

Institutional investors have recently added to or reduced their stakes in the company. Armor Investment Advisors LLC increased its position in Capitala Finance Corp by 12.7% in the first quarter. Armor Investment Advisors LLC now owns 34,677 shares of the investment management company’s stock valued at $498,000 after buying an additional 3,900 shares during the period. Eagle Global Advisors LLC increased its position in Capitala Finance Corp by 36.6% in the first quarter. Eagle Global Advisors LLC now owns 26,771 shares of the investment management company’s stock valued at $384,000 after buying an additional 7,168 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in 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 valued at $1,109,000 after buying an additional 7,233 shares during the period. Geode Capital Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at $183,000. Finally, Nine Chapters Capital Management LLC acquired a new position in Capitala Finance Corp during the first quarter valued at $200,000. Hedge funds and other institutional investors own 25.78% of the company’s stock.

The firm also recently announced a monthly dividend, which was paid on Thursday, April 27th. Investors of record on Wednesday, April 19th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, April 17th. This represents a $1.56 annualized dividend and a yield of 11.19%. Capitala Finance Corp’s dividend payout ratio (DPR) is presently -305.88%.

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.

5 Day Chart for NASDAQ:CPTA

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