Equities analysts expect Capitala Finance Corp (NASDAQ:CPTA) to announce $0.25 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Capitala Finance’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.25. Capitala Finance posted earnings per share of $0.22 during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The company is scheduled to issue its next earnings results after the market closes on Monday, August 5th.
On average, analysts expect that Capitala Finance will report full-year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.01. For the next year, analysts anticipate that the firm will post earnings of $1.01 per share, with EPS estimates ranging from $1.00 to $1.02. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last posted its earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. The company had revenue of $12.68 million for the quarter, compared to analyst estimates of $11.59 million. Capitala Finance had a positive return on equity of 7.86% and a negative net margin of 34.43%.
Several institutional investors have recently bought and sold shares of CPTA. Franklin Street Advisors Inc. NC purchased a new position in shares of Capitala Finance during the 1st quarter worth approximately $108,000. Punch & Associates Investment Management Inc. grew its position in shares of Capitala Finance by 6.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 386,045 shares of the investment management company’s stock valued at $3,073,000 after buying an additional 23,235 shares during the last quarter. AJO LP purchased a new position in shares of Capitala Finance in the 1st quarter valued at $234,000. Oppenheimer & Co. Inc. grew its position in Capitala Finance by 97.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 46,476 shares of the investment management company’s stock worth $370,000 after purchasing an additional 22,909 shares during the last quarter. Finally, Regent Investment Management LLC grew its position in Capitala Finance by 3.2% during the 1st quarter. Regent Investment Management LLC now owns 79,816 shares of the investment management company’s stock worth $635,000 after purchasing an additional 2,449 shares during the last quarter. Institutional investors own 16.46% of the company’s stock.
Capitala Finance stock traded up $0.01 during mid-day trading on Friday, reaching $9.83. 106,849 shares of the company’s stock were exchanged, compared to its average volume of 93,062. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.13 and a quick ratio of 1.13. The business has a fifty day simple moving average of $9.33. Capitala Finance has a one year low of $6.46 and a one year high of $9.99. The company has a market capitalization of $158.22 million, a price-to-earnings ratio of 9.83 and a beta of 1.12.
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Tuesday, July 23rd will be issued a dividend of $0.083 per share. The ex-dividend date of this dividend is Monday, July 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 10.13%. Capitala Finance’s dividend payout ratio (DPR) is 100.00%.
About Capitala Finance
Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.
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