Wall Street analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will announce earnings of $0.25 per share for the current quarter, Zacks reports. Three analysts have made estimates for Capitala Finance’s earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.26. Capitala Finance posted earnings of $0.26 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 3.8%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 26th.

According to Zacks, analysts expect that Capitala Finance will report full year earnings of $1.05 per share for the current year, with EPS estimates ranging from $1.02 to $1.07. For the next financial year, analysts forecast that the company will report earnings of $1.05 per share, with EPS estimates ranging from $0.97 to $1.10. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Capitala Finance.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $9.00 price objective on shares of Capitala Finance in a research note on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Capitala Finance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Capitala Finance presently has a consensus rating of “Hold” and a consensus price target of $9.13.

Capitala Finance stock traded up $0.03 during trading on Friday, reaching $8.15. The company had a trading volume of 69,207 shares, compared to its average volume of 75,868. Capitala Finance has a 12-month low of $6.88 and a 12-month high of $9.05. The company has a market cap of $130.96 million, a price-to-earnings ratio of 8.32 and a beta of 0.97. The company has a debt-to-equity ratio of 1.41, a quick ratio of 4.64 and a current ratio of 18.16.

The company also recently announced a dividend, which will be paid on Thursday, November 29th. Stockholders of record on Wednesday, November 21st will be paid a $0.083 dividend. The ex-dividend date is Tuesday, November 20th. Capitala Finance’s dividend payout ratio (DPR) is presently 102.04%.

Several hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Capitala Finance by 606.9% in the second quarter. Advisors Asset Management Inc. now owns 2,607,821 shares of the investment management company’s stock valued at $2,047,000 after purchasing an additional 2,238,919 shares during the period. Stephens Inc. AR purchased a new position in shares of Capitala Finance in the second quarter valued at $597,000. Eqis Capital Management Inc. purchased a new position in shares of Capitala Finance in the second quarter valued at $182,000. Macquarie Group Ltd. purchased a new position in shares of Capitala Finance in the second quarter valued at $156,000. Finally, Acadian Asset Management LLC boosted its stake in shares of Capitala Finance by 501.2% in the third quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock valued at $124,000 after purchasing an additional 11,839 shares during the period. Institutional investors and hedge funds own 16.01% of the company’s stock.

About Capitala Finance

Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.

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Earnings History and Estimates for Capitala Finance (NASDAQ:CPTA)

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