Analysts expect Capitala Finance Corp. (NASDAQ:CPTA) to report $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Capitala Finance Corp.’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.33. Capitala Finance Corp. posted earnings of $0.47 per share during the same quarter last year, which suggests a negative year over year growth rate of 21.3%. The firm is expected to report its next quarterly earnings results after the market closes on Monday, August 7th.

On average, analysts expect that Capitala Finance Corp. will report full-year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.40 to $1.60. For the next financial year, analysts anticipate that the firm will report earnings of $1.63 per share, with EPS estimates ranging from $1.56 to $1.70. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Capitala Finance Corp..

Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, May 8th. The investment management company reported $0.39 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.39. The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $16.23 million. Capitala Finance Corp. had a net margin of 27.75% and a return on equity of 11.06%.

CPTA has been the topic of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Capitala Finance Corp. in a research note on Wednesday, April 19th. Keefe, Bruyette & Woods set a $15.00 target price on Capitala Finance Corp. and gave the company a “hold” rating in a research note on Wednesday, May 31st. Zacks Investment Research cut Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. TheStreet upgraded Capitala Finance Corp. from a “c” rating to a “b-” rating in a research note on Friday, April 7th. Finally, Wunderlich upgraded Capitala Finance Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $15.50 in a research note on Monday, May 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.44.

Capitala Finance Corp. (NASDAQ CPTA) opened at 13.31 on Thursday. Capitala Finance Corp. has a 1-year low of $11.51 and a 1-year high of $15.80. The stock has a 50 day moving average of $13.29 and a 200 day moving average of $13.82.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.72%. The ex-dividend date is Monday, August 21st. Capitala Finance Corp.’s dividend payout ratio is currently 135.65%.

Several large investors have recently modified their holdings of the stock. Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Capitala Finance Corp. during the first quarter worth $5,260,000. Muzinich & Co. Inc. boosted its stake in shares of Capitala Finance Corp. by 70.6% in the first quarter. Muzinich & Co. Inc. now owns 542,130 shares of the investment management company’s stock worth $7,785,000 after buying an additional 224,330 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Capitala Finance Corp. by 74.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,592 shares of the investment management company’s stock worth $5,235,000 after buying an additional 155,815 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Capitala Finance Corp. by 92.0% in the first quarter. Confluence Investment Management LLC now owns 164,137 shares of the investment management company’s stock worth $2,357,000 after buying an additional 78,642 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after buying an additional 56,890 shares in the last quarter. Institutional investors and hedge funds own 31.61% of the company’s stock.

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About Capitala Finance Corp.

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

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