Jefferies Financial Group Brokers Decrease Earnings Estimates for Capitala Finance Corp (CPTA)
Capitala Finance Corp (NASDAQ:CPTA) – Research analysts at Jefferies Financial Group cut their FY2018 earnings per share (EPS) estimates for shares of Capitala Finance in a report released on Tuesday, November 13th. Jefferies Financial Group analyst J. Hecht now forecasts that the investment management company will earn $1.02 per share for the year, down from their previous estimate of $1.06. Jefferies Financial Group also issued estimates for Capitala Finance’s Q4 2018 earnings at $0.24 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.25 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $1.01 EPS.
A number of other research firms also recently weighed in on CPTA. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $9.00 price target on shares of Capitala Finance in a research note on Wednesday, August 8th. Zacks Investment Research downgraded shares of Capitala Finance from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Finally, ValuEngine raised shares of Capitala Finance from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.13.
The firm 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 of this dividend is Tuesday, November 20th. Capitala Finance’s dividend payout ratio is presently 102.04%.
Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Capitala Finance by 501.2% in the 3rd quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 11,839 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Capitala Finance in the 2nd quarter valued at $156,000. Eqis Capital Management Inc. purchased a new position in shares of Capitala Finance in the 2nd quarter valued at $182,000. Stephens Inc. AR purchased a new position in shares of Capitala Finance in the 2nd quarter valued at $597,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Capitala Finance by 606.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,607,821 shares of the investment management company’s stock valued at $2,047,000 after acquiring an additional 2,238,919 shares during the period. 16.05% of the stock is currently owned by institutional investors and hedge funds.
Capitala Finance Company Profile
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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