$0.27 EPS Expected for Capitala Finance Corp (CPTA) This Quarter

Analysts expect Capitala Finance Corp (NASDAQ:CPTA) to report earnings per share of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Capitala Finance’s earnings, with estimates ranging from $0.26 to $0.28. Capitala Finance reported earnings per share of $0.43 during the same quarter last year, which would suggest a negative year over year growth rate of 37.2%. The company is expected to report its next earnings results after the market closes on Tuesday, February 27th.

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 year, analysts expect that the company will post earnings of $1.11 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Capitala Finance.

Several research analysts recently commented on the company. ValuEngine cut Capitala Finance from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded Capitala Finance from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $9.50 price target on shares of Capitala Finance in a research note on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Capitala Finance presently has an average rating of “Hold” and a consensus target price of $13.50.

Capitala Finance (CPTA) opened at $7.33 on Monday. 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 one year low of $7.12 and a one year high of $14.65. The company has a market capitalization of $116.81, a PE ratio of 66.64 and a beta of 1.01.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.0833 per share. This represents a $1.00 annualized dividend and a yield of 13.64%. The ex-dividend date of this dividend is Friday, February 16th. Capitala Finance’s payout ratio is currently 909.09%.

In other news, insider Joseph B. Alala III acquired 89,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the completion of the purchase, the insider now directly owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry W. Carroll acquired 10,000 shares of the business’s stock in a transaction 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 purchase, the director now directly owns 120,000 shares of the company’s stock, valued at $914,400. The disclosure for this purchase can be found here. Insiders have acquired 109,520 shares of company stock worth $846,692 in the last 90 days. 8.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Capitala Finance during the second quarter valued at approximately $150,000. Oppenheimer & Co. Inc. raised its position in shares of Capitala Finance by 48.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock worth $265,000 after purchasing an additional 11,935 shares during the period. JPMorgan Chase & Co. raised its position in shares of Capitala Finance by 396.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after purchasing an additional 19,650 shares during the period. Regent Investment Management LLC raised its position in shares of Capitala Finance by 27.5% during the 4th quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock worth $408,000 after purchasing an additional 12,100 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capitala Finance during the 2nd quarter worth approximately $454,000. Hedge funds and other institutional investors own 18.24% of the company’s stock.

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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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