Capitala Finance Corp. (NASDAQ:CPTA) – Analysts at Oppenheimer Holdings raised their Q3 2017 earnings per share (EPS) estimates for shares of Capitala Finance Corp. in a research note issued to investors on Monday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the investment management company will post earnings of $0.40 per share for the quarter, up from their prior forecast of $0.39. Oppenheimer Holdings also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.40 EPS, FY2017 earnings at $1.54 EPS and FY2018 earnings at $1.60 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Monday, May 8th. The investment management company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $16.23 million. Capitala Finance Corp. had a return on equity of 11.06% and a net margin of 27.75%.
CPTA has been the subject of a number of other reports. FBR & Co upped their target price on Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $15.00 target price on shares of Capitala Finance Corp. in a research report on Friday, April 28th. Wunderlich upgraded Capitala Finance Corp. from a “hold” rating to a “buy” rating and upped their target price for the company from $14.50 to $15.50 in a research report on Monday, May 15th. TheStreet upgraded Capitala Finance Corp. from a “c” rating to a “b-” rating in a research report on Friday, April 7th. Finally, Zacks Investment Research downgraded Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $15.50.
Capitala Finance Corp. (NASDAQ CPTA) opened at 13.30 on Wednesday. The firm’s 50-day moving average price is $13.68 and its 200 day moving average price is $13.80. Capitala Finance Corp. has a 1-year low of $11.51 and a 1-year high of $15.80.
Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in Capitala Finance Corp. during the first quarter worth $183,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Capitala Finance Corp. during the first quarter valued at $200,000. Acadian Asset Management LLC acquired a new stake in shares of Capitala Finance Corp. during the first quarter valued at $309,000. Eagle Global Advisors LLC increased its stake in shares of Capitala Finance Corp. by 36.6% in the first quarter. Eagle Global Advisors LLC now owns 26,771 shares of the investment management company’s stock valued at $384,000 after buying an additional 7,168 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Capitala Finance Corp. by 147.7% in the fourth quarter. GSA Capital Partners LLP now owns 32,200 shares of the investment management company’s stock valued at $416,000 after buying an additional 19,200 shares in the last quarter. Hedge funds and other institutional investors own 31.59% of the company’s stock.
The business also recently announced a monthly dividend, which will be paid on Thursday, June 29th. Stockholders of record on Wednesday, June 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.73%. Capitala Finance Corp.’s payout ratio is 135.65%.
About Capitala Finance Corp.
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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