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%.
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.
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