Analysts Anticipate Capitala Finance Corp (CPTA) to Announce $0.27 Earnings Per Share
Equities research analysts expect Capitala Finance Corp (NASDAQ:CPTA) to post earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Capitala Finance’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. Capitala Finance reported earnings per share of $0.43 in the same quarter last year, which suggests a negative year over year growth rate of 37.2%. The firm is expected to announce its next earnings results on Tuesday, March 6th.
On average, analysts expect that Capitala Finance will report full-year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $0.97 to $1.18. For the next year, analysts expect that the firm will post earnings of $1.11 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Capitala Finance.
Capitala Finance (NASDAQ:CPTA) last announced its earnings results on Monday, November 6th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. Capitala Finance had a net margin of 3.04% and a return on equity of 7.49%. The business had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.42 million.
Shares of Capitala Finance (CPTA) traded up $0.07 during trading on Monday, reaching $7.42. 87,700 shares of the company’s stock traded hands, compared to its average volume of 155,386. Capitala Finance has a twelve month low of $7.12 and a twelve month high of $14.65. The company has a market capitalization of $118.41, a price-to-earnings ratio of 67.45 and a beta of 0.97. The company has a current ratio of 21.58, a quick ratio of 21.58 and a debt-to-equity ratio of 1.29.
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be issued a $0.0833 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.47%. Capitala Finance’s payout ratio is 909.09%.
In other Capitala Finance news, insider Joseph B. Alala III acquired 89,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average cost of $7.77 per share, for a total transaction of $691,530.00. Following the acquisition, the insider now owns 9,611 shares in the company, valued at approximately $74,677.47. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry W. Carroll acquired 10,000 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $7.62 per share, with a total value 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 disclosure for this purchase can be found here. Over the last 90 days, insiders bought 119,520 shares of company stock valued at $922,892. Company insiders own 8.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $149,000. GSA Capital Partners LLP bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $150,000. JPMorgan Chase & Co. lifted its holdings in shares of Capitala Finance by 396.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after acquiring an additional 19,650 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Capitala Finance in the 2nd quarter worth approximately $454,000. Finally, Carroll Financial Associates Inc. lifted its holdings in shares of Capitala Finance by 28.9% in the 3rd quarter. Carroll Financial Associates Inc. now owns 103,133 shares of the investment management company’s stock worth $941,000 after acquiring an additional 23,133 shares during the last quarter. Hedge funds and other institutional investors own 19.30% of the company’s stock.
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Capitala Finance 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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