Analysts Expect Capitala Finance Corp (NASDAQ:CPTA) Will Announce Quarterly Sales of $10.81 Million

Brokerages expect that Capitala Finance Corp (NASDAQ:CPTA) will announce $10.81 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Capitala Finance’s earnings, with the highest sales estimate coming in at $10.87 million and the lowest estimate coming in at $10.76 million. Capitala Finance reported sales of $11.31 million during the same quarter last year, which indicates a negative year over year growth rate of 4.4%. The firm is scheduled to issue its next earnings report on Monday, March 2nd.

According to Zacks, analysts expect that Capitala Finance will report full year sales of $45.21 million for the current financial year, with estimates ranging from $45.16 million to $45.27 million. For the next fiscal year, analysts forecast that the firm will post sales of $47.49 million, with estimates ranging from $45.33 million to $49.65 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, November 4th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). The company had revenue of $10.13 million during the quarter, compared to analysts’ expectations of $11.59 million. Capitala Finance had a positive return on equity of 8.57% and a negative net margin of 80.46%.

Several research firms have recently issued reports on CPTA. ValuEngine lowered Capitala Finance from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Keefe, Bruyette & Woods downgraded Capitala Finance from a “market perform” rating to an “underperform” rating and set a $7.50 price objective for the company. in a report on Sunday, October 20th. Zacks Investment Research downgraded Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 7th. Finally, LADENBURG THALM/SH SH downgraded Capitala Finance from a “buy” rating to a “neutral” rating in a report on Tuesday, August 6th.

Shares of CPTA traded up $0.02 during trading hours on Friday, hitting $8.56. The company had a trading volume of 79,923 shares, compared to its average volume of 101,356. The firm has a fifty day moving average price of $8.48 and a 200-day moving average price of $8.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 15.22 and a current ratio of 15.22. The stock has a market capitalization of $137.69 million, a price-to-earnings ratio of 8.56 and a beta of 1.19. Capitala Finance has a 52-week low of $6.46 and a 52-week high of $9.99.

The firm also recently disclosed a dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 22nd were issued a $0.0833 dividend. This is an increase from Capitala Finance’s previous dividend of $0.08. The ex-dividend date was Thursday, November 21st. Capitala Finance’s dividend payout ratio (DPR) is presently 100.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Capitala Finance during the 2nd quarter valued at approximately $27,000. BB&T Securities LLC lifted its holdings in Capitala Finance by 12.2% in the 2nd quarter. BB&T Securities LLC now owns 95,655 shares of the investment management company’s stock worth $903,000 after purchasing an additional 10,381 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Capitala Finance by 119.6% in the 2nd quarter. Acadian Asset Management LLC now owns 32,784 shares of the investment management company’s stock worth $309,000 after purchasing an additional 17,854 shares in the last quarter. Virtus ETF Advisers LLC purchased a new position in Capitala Finance in the 2nd quarter worth approximately $1,985,000. Finally, BlackRock Inc. purchased a new position in Capitala Finance in the 2nd quarter worth approximately $437,000. Institutional investors own 15.71% of the company’s stock.

Capitala Finance Company Profile

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.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Get a free copy of the Zacks research report on Capitala Finance (CPTA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Capitala Finance (NASDAQ:CPTA)

Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.