Analysts Anticipate Capitala Finance (CPTA) Will Post Quarterly Sales of $11.96 Million

Brokerages expect that Capitala Finance (NASDAQ:CPTA) will post sales of $11.96 million for the current quarter, according to Zacks. Three analysts have issued estimates for Capitala Finance’s earnings. The highest sales estimate is $12.30 million and the lowest is $11.49 million. Capitala Finance reported sales of $14.82 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.3%. The company is expected to announce its next earnings results after the market closes on Monday, May 7th.

On average, analysts expect that Capitala Finance will report full-year sales of $11.96 million for the current financial year, with estimates ranging from $46.72 million to $51.58 million. For the next year, analysts forecast that the business will report sales of $51.71 million per share, with estimates ranging from $48.46 million to $53.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Capitala Finance.

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Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings results on Tuesday, February 27th. The investment management company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $9.96 million during the quarter, compared to analyst estimates of $12.02 million. Capitala Finance had a negative net margin of 14.13% and a positive return on equity of 6.64%.

CPTA has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Capitala Finance from a “sell” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine lowered shares of Capitala Finance from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $13.50.

In other Capitala Finance news, Director Larry W. Carroll bought 3,409 shares of the business’s stock in a transaction dated Thursday, March 22nd. The shares were acquired at an average price of $7.80 per share, with a total value of $26,590.20. Following the purchase, the director now owns 133,409 shares in the company, valued at approximately $1,040,590.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 9.10% of the company’s stock.

Several hedge funds have recently modified their holdings of CPTA. BB&T Securities LLC raised its stake in shares of Capitala Finance by 24.8% in the 3rd quarter. BB&T Securities LLC now owns 207,610 shares of the investment management company’s stock valued at $1,980,000 after acquiring an additional 41,262 shares during the period. Carroll Financial Associates Inc. raised its stake in shares of Capitala Finance by 27.0% in the 4th quarter. Carroll Financial Associates Inc. now owns 130,945 shares of the investment management company’s stock valued at $953,000 after acquiring an additional 27,812 shares during the period. Regent Investment Management LLC raised its stake in shares of Capitala Finance by 27.5% in the 4th quarter. Regent Investment Management LLC now owns 56,040 shares of the investment management company’s stock valued at $408,000 after acquiring an additional 12,100 shares during the period. Oppenheimer & Co. Inc. raised its stake in shares of Capitala Finance by 48.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 36,422 shares of the investment management company’s stock valued at $265,000 after acquiring an additional 11,935 shares during the period. Finally, Geode Capital Management LLC purchased a new position in shares of Capitala Finance in the 4th quarter valued at $121,000. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Shares of CPTA traded down $0.11 during mid-day trading on Thursday, reaching $7.76. The company had a trading volume of 54,849 shares, compared to its average volume of 82,227. The firm has a market cap of $123.84, a PE ratio of 8.00 and a beta of 0.95. Capitala Finance has a fifty-two week low of $6.88 and a fifty-two week high of $14.30. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 1.31.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 20th will be issued a $0.0833 dividend. The ex-dividend date is Tuesday, June 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 12.88%. Capitala Finance’s dividend payout ratio (DPR) is presently 102.04%.

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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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