Q3 2017 EPS Estimates for Capitala Finance Corp. (CPTA) Reduced by Analyst
Capitala Finance Corp. (NASDAQ:CPTA) – Research analysts at Oppenheimer Holdings decreased their Q3 2017 earnings estimates for shares of Capitala Finance Corp. in a research note issued on Tuesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the investment management company will post earnings per share of $0.28 for the quarter, down from their prior forecast of $0.40. Oppenheimer Holdings also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.00 EPS and FY2018 earnings at $1.28 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last announced its quarterly earnings data 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. The firm had revenue of $12.36 million during the quarter, compared to analysts’ expectations of $15.11 million. Capitala Finance Corp. had a return on equity of 8.55% and a net margin of 8.91%. ILLEGAL ACTIVITY WARNING: “Q3 2017 EPS Estimates for Capitala Finance Corp. (CPTA) Reduced by Analyst” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/q3-2017-eps-estimates-for-capitala-finance-corp-cpta-reduced-by-analyst.html.
Several other equities analysts have also weighed in on the stock. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday. TheStreet lowered shares of Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday. Zacks Investment Research raised shares of 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 shares of Capitala Finance Corp. and gave the company a “hold” rating in a report on Wednesday, May 31st. Finally, Wunderlich raised shares of Capitala Finance Corp. from a “hold” rating to a “buy” rating and lifted 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 issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.44.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 8.99 on Friday. Capitala Finance Corp. has a 52 week low of $8.82 and a 52 week high of $15.80. The stock has a 50 day moving average of $12.87 and a 200-day moving average of $13.69.
The business also recently declared a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 23rd will be issued a $0.13 dividend. This represents a $1.56 annualized dividend and a yield of 17.35%. The ex-dividend date is Monday, August 21st. Capitala Finance Corp.’s payout ratio is presently 458.82%.
A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new stake in shares of Capitala Finance Corp. during the first quarter valued at approximately $309,000. Sumitomo Mitsui Asset Management Company LTD raised 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 valued at $5,235,000 after buying an additional 155,815 shares during the last quarter. Armor Investment Advisors LLC raised its stake in shares of Capitala Finance Corp. by 12.7% in the first quarter. Armor Investment Advisors LLC now owns 34,677 shares of the investment management company’s stock valued at $498,000 after buying an additional 3,900 shares during the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Capitala Finance Corp. during the first quarter valued at approximately $200,000. Finally, Eagle Global Advisors LLC raised 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 during the last quarter. 28.58% of the stock is owned by institutional investors.
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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