Wall Street brokerages expect Capitala Finance Corp. (NASDAQ:CPTA) to report earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Capitala Finance’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.26. Capitala Finance reported earnings of $0.43 per share in the same quarter last year, which suggests a negative year over year growth rate of 37.2%. The firm is expected to report its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Capitala Finance will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.18. For the next financial year, analysts anticipate that the firm will report earnings of $1.11 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The firm had revenue of $12.31 million during the quarter, compared to the consensus estimate of $12.42 million.

CPTA has been the subject of several research analyst reports. ValuEngine downgraded shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research raised shares of Capitala Finance from a “strong sell” rating to a “hold” rating in a research note on Friday, November 17th. Jefferies Group downgraded shares of Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. TheStreet downgraded shares of Capitala Finance from a “b-” rating to a “c+” rating in a research note on Tuesday, August 8th. Finally, Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.50.

In other Capitala Finance news, insider Joseph B. Alala III bought 89,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $7.77 per share, with a total value of $691,530.00. Following the completion of the transaction, the insider now directly owns 9,611 shares in the company, valued at approximately $74,677.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry W. Carroll purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average price of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the acquisition, the director now owns 120,000 shares of the company’s stock, valued at approximately $914,400. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 109,720 shares of company stock valued at $849,714. 8.40% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in Capitala Finance by 2.2% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 374,320 shares of the investment management company’s stock worth $4,870,000 after purchasing an additional 8,033 shares during the last quarter. BB&T Securities LLC boosted its holdings in Capitala Finance by 24.8% during the third quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock worth $1,980,000 after purchasing an additional 41,262 shares during the last quarter. Stephens Inc. AR boosted its holdings in Capitala Finance by 2.1% during the second quarter. Stephens Inc. AR now owns 114,352 shares of the investment management company’s stock worth $1,488,000 after purchasing an additional 2,363 shares during the last quarter. Carroll Financial Associates Inc. boosted its holdings in Capitala Finance by 28.9% during the third quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock worth $941,000 after purchasing an additional 23,133 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Capitala Finance by 73.1% during the second quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock worth $483,000 after purchasing an additional 15,716 shares during the last quarter. Institutional investors and hedge funds own 19.30% of the company’s stock.

Capitala Finance (CPTA) traded up $0.03 on Tuesday, reaching $7.80. 86,600 shares of the company’s stock traded hands, compared to its average volume of 117,728. Capitala Finance has a 12-month low of $7.40 and a 12-month high of $14.65. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $120.96, a P/E ratio of 6.66 and a beta of 1.02.

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a dividend yield of 12.82%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance’s payout ratio is presently 909.17%.

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Capitala Finance 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 (NASDAQ:CPTA)

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