Wall Street analysts expect that Capitala Finance Corp (NASDAQ:CPTA) will report 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. The highest sales estimate is $12.37 million and the lowest is $11.68 million. Capitala Finance posted sales of $16.51 million during the same quarter last year, which would indicate a negative year over year growth rate of 27.2%. The firm is expected to issue its next earnings results after the market closes on Tuesday, February 27th.
On average, analysts expect that Capitala Finance will report full year sales of $12.02 million for the current fiscal year, with estimates ranging from $51.17 million to $51.86 million. For the next fiscal year, analysts expect 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 averages are a mean average based on a survey of research firms that follow Capitala Finance.
A number of research firms recently weighed in on CPTA. ValuEngine upgraded Capitala Finance from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Capitala Finance from a “strong sell” rating to a “hold” rating in a report on Friday, November 17th. Jefferies Group cut Capitala Finance from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $9.50 target price on shares of Capitala Finance in a report on Friday, November 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Capitala Finance presently has an average rating of “Hold” and an average target price of $13.50.
Several institutional investors have recently modified their holdings of CPTA. Geode Capital Management LLC purchased a new position in shares of Capitala Finance during the 4th quarter worth $121,000. GSA Capital Partners LLP purchased a new position in shares of Capitala Finance during the 2nd quarter worth $150,000. Oppenheimer & Co. Inc. lifted its stake 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. lifted its stake 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. Finally, Regent Investment Management LLC lifted its stake 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. 18.24% of the stock is currently owned by institutional investors.
Capitala Finance (CPTA) traded up $0.03 during midday trading on Wednesday, reaching $7.47. The company’s stock had a trading volume of 90,500 shares, compared to its average volume of 116,794. The company has a debt-to-equity ratio of 1.29, a current ratio of 21.58 and a quick ratio of 21.58. Capitala Finance has a 52 week low of $7.12 and a 52 week high of $14.65. The firm has a market cap of $119.05, a PE ratio of 68.45 and a beta of 1.01.
The business also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.0833 per share. This represents a $1.00 dividend on an annualized basis and a yield of 13.38%. The ex-dividend date is Friday, February 16th. Capitala Finance’s dividend payout ratio (DPR) is presently 909.09%.
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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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