Capitala Finance Corp. (CPTA) Expected to Post Q3 2017 Earnings of $0.23 Per Share
Capitala Finance Corp. (NASDAQ:CPTA) – Equities research analysts at Jefferies Group dropped their Q3 2017 earnings estimates for Capitala Finance Corp. in a report issued on Tuesday. Jefferies Group analyst J. Hecht now anticipates that the investment management company will earn $0.23 per share for the quarter, down from their prior estimate of $0.39. Jefferies Group has a “Buy” rating and a $17.00 price objective on the stock. Jefferies Group also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.90 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.00 EPS.
A number of other analysts have also issued reports on the company. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday. TheStreet lowered Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday. Zacks Investment Research raised Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods set a $15.00 target price on Capitala Finance Corp. and gave the company a “hold” rating in a report on Wednesday, May 31st. Finally, Wunderlich raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $14.50 to $15.50 in a report on Monday, May 15th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.44.
Capitala Finance Corp. (NASDAQ:CPTA) opened at 8.99 on Friday. The firm has a 50 day moving average price of $12.87 and a 200-day moving average price of $13.69. Capitala Finance Corp. has a 12 month low of $8.82 and a 12 month high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.33. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. The business had revenue of $12.36 million during the quarter, compared to analyst estimates of $15.11 million.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Wednesday, August 23rd will be given a $0.13 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 17.35%. Capitala Finance Corp.’s dividend payout ratio is currently 458.82%.
Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Capitala Finance Corp. by 74.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 364,592 shares of the investment management company’s stock worth $5,235,000 after buying an additional 155,815 shares in the last quarter. Regent Investment Management LLC increased its stake in shares of Capitala Finance Corp. by 8.4% in 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 in the last quarter. UBS Group AG increased its stake in shares of Capitala Finance Corp. by 15.0% in the first quarter. UBS Group AG now owns 436,838 shares of the investment management company’s stock worth $6,273,000 after buying an additional 56,890 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Capitala Finance Corp. during the first quarter worth approximately $309,000. Finally, 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 worth $384,000 after buying an additional 7,168 shares in the last quarter. Institutional investors own 28.58% of the company’s stock.
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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