Equities research analysts expect Capitala Finance Corp. (NASDAQ:CPTA) to post sales of $12.42 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Capitala Finance Corp.’s earnings, with estimates ranging from $12.19 million to $12.76 million. Capitala Finance Corp. reported sales of $17.36 million during the same quarter last year, which indicates a negative year over year growth rate of 28.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 14th.

On average, analysts expect that Capitala Finance Corp. will report full year sales of $12.42 million for the current year, with estimates ranging from $51.76 million to $53.25 million. For the next financial year, analysts expect that the firm will report sales of $55.37 million per share, with estimates ranging from $53.38 million to $56.63 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Capitala Finance Corp..

Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.33). The company had revenue of $12.36 million for the quarter, compared to analyst estimates of $15.11 million. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%.

CPTA has been the subject of several research reports. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price objective on shares of Capitala Finance Corp. in a research report on Friday, September 22nd. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services reissued a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Capitala Finance Corp. currently has an average rating of “Hold” and an average price target of $14.92.

Shares of Capitala Finance Corp. (NASDAQ:CPTA) traded down 0.22% during midday trading on Wednesday, hitting $9.14. 112,869 shares of the company’s stock were exchanged. Capitala Finance Corp. has a 52 week low of $8.67 and a 52 week high of $14.65. The company has a 50-day moving average of $9.13 and a 200-day moving average of $12.17. The firm has a market cap of $145.40 million, a price-to-earnings ratio of 15.76 and a beta of 1.11.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be issued a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a yield of 10.91%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance Corp.’s payout ratio is 458.82%.

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In other Capitala Finance Corp. news, Director Larry W. Carroll bought 20,000 shares of Capitala Finance Corp. stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $9.15 per share, for a total transaction of $183,000.00. Following the completion of the acquisition, the director now owns 82,150 shares of the company’s stock, valued at approximately $751,672.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John F. Mcglinn bought 4,444 shares of Capitala Finance Corp. stock in a transaction that occurred on Friday, August 11th. The shares were acquired at an average price of $9.00 per share, with a total value of $39,996.00. Following the acquisition, the insider now directly owns 112,485 shares of the company’s stock, valued at approximately $1,012,365. The disclosure for this purchase can be found here. Insiders have purchased 30,842 shares of company stock valued at $290,851 in the last 90 days. 8.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BB&T Securities LLC boosted its holdings in Capitala Finance Corp. by 21.4% during the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after purchasing an additional 29,274 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Capitala Finance Corp. by 160.3% during the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after purchasing an additional 21,265 shares during the last quarter. Regent Investment Management LLC boosted its holdings in Capitala Finance Corp. by 8.4% during the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after purchasing an additional 2,600 shares during the last quarter. UBS Group AG boosted its holdings in Capitala Finance Corp. by 15.0% during the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after purchasing an additional 56,890 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its holdings in Capitala Finance Corp. by 12.7% during the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 28.24% 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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Earnings History and Estimates for Capitala Finance Corp. (NASDAQ:CPTA)

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