Analysts expect Capitala Finance Corp. (NASDAQ:CPTA) to post sales of $12.02 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capitala Finance’s earnings, with the lowest sales estimate coming in at $11.68 million and the highest estimate coming in at $12.37 million. Capitala Finance posted sales of $16.51 million during the same quarter last year, which suggests a negative year over year growth rate of 27.2%. The business is expected to report its next earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Capitala Finance will report full year sales of $12.02 million for the current year, with estimates ranging from $51.17 million to $51.86 million. For the next fiscal year, analysts forecast that the business will report sales of $50.48 million per share, with estimates ranging from $48.27 million to $52.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last released its earnings results on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Capitala Finance had a return on equity of 7.49% and a net margin of 3.04%. The business had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.42 million.

Several research firms have commented on CPTA. ValuEngine raised Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “strong sell” rating in a report on Friday, August 11th. Ladenburg Thalmann Financial Services restated a “neutral” rating on shares of Capitala Finance in a research note on Thursday, August 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research note on Friday, November 10th. Finally, Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.50.

Shares of Capitala Finance (NASDAQ CPTA) opened at $7.76 on Thursday. The company has a quick ratio of 21.58, a current ratio of 21.58 and a debt-to-equity ratio of 1.29. Capitala Finance has a 1-year low of $7.40 and a 1-year high of $14.65. The company has a market capitalization of $124.31, a price-to-earnings ratio of 6.84 and a beta of 1.02.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 12.88%. The ex-dividend date of this dividend is Tuesday, December 19th. Capitala Finance’s dividend payout ratio (DPR) is presently 909.17%.

In related news, insider Joseph B. Alala III purchased 89,000 shares of Capitala Finance stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $7.77 per share, for a total transaction 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 filing with the SEC, which is available at the SEC website. Also, Director Larry W. Carroll purchased 10,000 shares of Capitala Finance stock in a transaction on Friday, December 1st. The stock was bought at an average price of $7.62 per share, with a total value of $76,200.00. Following the transaction, the director now owns 120,000 shares of the company’s stock, valued at $914,400. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 109,720 shares of company stock valued at $849,714. 8.40% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BB&T Securities LLC boosted its stake in shares of Capitala Finance by 24.8% in the third quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock worth $1,980,000 after acquiring an additional 41,262 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Capitala Finance by 28.9% in the third quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock worth $941,000 after acquiring an additional 23,133 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Capitala Finance in the second quarter worth about $454,000. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Capitala Finance by 2.2% in 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 acquiring an additional 8,033 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Capitala Finance in the second quarter worth about $150,000. 19.30% of the stock is owned by hedge funds and other institutional investors.

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About Capitala Finance

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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