Capitala Finance Corp. (NASDAQ:CPTA) – Equities researchers at Jefferies Group lifted their FY2017 earnings per share estimates for shares of Capitala Finance Corp. in a report released on Thursday. Jefferies Group analyst J. Hecht now forecasts that the investment management company will post earnings of $0.97 per share for the year, up from their previous forecast of $0.90. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.26 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings data on Monday, November 6th. The investment management company reported $0.28 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.28. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 7.49%. The company had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.42 million. TRADEMARK VIOLATION WARNING: “Capitala Finance Corp. (CPTA) Expected to Post FY2017 Earnings of $0.97 Per Share” was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright laws. The legal version of this story can be read at https://sportsperspectives.com/2017/11/17/capitala-finance-corp-cpta-expected-to-post-fy2017-earnings-of-0-97-per-share.html.
A number of other equities research analysts have also commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $9.50 target price on shares of Capitala Finance Corp. in a research report on Friday, November 10th. TheStreet downgraded shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Ladenburg Thalmann Financial Services reiterated a “neutral” rating on shares of Capitala Finance Corp. in a research report on Thursday, August 10th. Finally, ValuEngine downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $13.50.
Capitala Finance Corp. (NASDAQ:CPTA) traded up $0.01 during trading hours on Friday, hitting $7.61. 237,126 shares of the stock were exchanged, compared to its average volume of 117,774. The company has a debt-to-equity ratio of 1.29, a quick ratio of 21.58 and a current ratio of 21.58. Capitala Finance Corp. has a 12 month low of $7.43 and a 12 month high of $14.65. The company has a market cap of $121.12, a price-to-earnings ratio of 6.78 and a beta of 1.02.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPTA. Goldman Sachs Group Inc. raised its holdings in Capitala Finance Corp. by 160.3% during the first quarter. Goldman Sachs Group Inc. now owns 34,527 shares of the investment management company’s stock worth $496,000 after buying an additional 21,265 shares during the last quarter. Regent Investment Management LLC raised its holdings in Capitala Finance Corp. by 8.4% during the second quarter. Regent Investment Management LLC now owns 33,590 shares of the investment management company’s stock worth $437,000 after buying an additional 2,600 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Capitala Finance Corp. during the second quarter worth $149,000. Acadian Asset Management LLC raised its holdings in Capitala Finance Corp. by 73.1% during the second quarter. Acadian Asset Management LLC now owns 37,215 shares of the investment management company’s stock worth $483,000 after buying an additional 15,716 shares during the last quarter. Finally, Eagle Global Advisors LLC raised its holdings in Capitala Finance Corp. by 12.7% during the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after buying an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 25.77% of the company’s stock.
In other Capitala Finance Corp. news, Director Larry W. Carroll acquired 10,000 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $7.62 per share, for a total transaction of $76,200.00. Following the completion of the acquisition, the director now owns 110,000 shares in the company, valued at approximately $838,200. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Joseph B. Alala III acquired 89,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $7.77 per share, for a total transaction of $691,530.00. Following the acquisition, the insider now owns 9,611 shares of the company’s stock, valued at approximately $74,677.47. The disclosure for this purchase can be found here. Insiders have purchased a total of 99,200 shares of company stock worth $769,552 in the last quarter. 8.40% of the stock is owned by corporate insiders.
The business also recently announced a monthly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 20th will be given a dividend of $0.0833 per share. The ex-dividend date of this dividend is Tuesday, December 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.14%. Capitala Finance Corp.’s payout ratio is presently 909.09%.
Capitala Finance Corp. Company Profile
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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