Equities analysts expect Capitala Finance Corp (NASDAQ:CPTA) to post sales of $11.73 million for the current quarter, according to Zacks. Three analysts have issued estimates for Capitala Finance’s earnings. The lowest sales estimate is $11.43 million and the highest is $11.96 million. Capitala Finance posted sales of $12.31 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The business is expected to announce its next earnings results on Monday, November 5th.

On average, analysts expect that Capitala Finance will report full-year sales of $48.32 million for the current fiscal year, with estimates ranging from $47.68 million to $48.70 million. For the next year, analysts forecast that the firm will report sales of $50.06 million per share, with estimates ranging from $48.90 million to $51.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings results on Monday, August 6th. The investment management company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.05). The company had revenue of $11.88 million during the quarter, compared to analysts’ expectations of $12.41 million. Capitala Finance had a positive return on equity of 7.81% and a negative net margin of 2.68%.

A number of equities analysts have commented on the company. Zacks Investment Research cut Capitala Finance from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine raised Capitala Finance from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $9.00 price target on shares of Capitala Finance in a research note on Wednesday. Finally, LADENBURG THALM/SH SH raised Capitala Finance from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $10.75.

In other Capitala Finance news, Director Larry W. Carroll bought 4,533 shares of Capitala Finance stock in a transaction dated Friday, May 25th. The shares were purchased at an average cost of $8.16 per share, with a total value of $36,989.28. Following the completion of the purchase, the director now owns 140,000 shares of the company’s stock, valued at $1,142,400. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC increased its stake in shares of Capitala Finance by 20.0% during the first quarter. Ancora Advisors LLC now owns 60,000 shares of the investment management company’s stock valued at $463,000 after buying an additional 10,000 shares during the period. Geode Capital Management LLC purchased a new position in shares of Capitala Finance during the fourth quarter valued at approximately $121,000. Eqis Capital Management Inc. purchased a new position in shares of Capitala Finance during the second quarter valued at approximately $182,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Capitala Finance during the first quarter valued at approximately $187,000. Finally, Two Sigma Advisers LP increased its stake in shares of Capitala Finance by 26.8% during the fourth quarter. Two Sigma Advisers LP now owns 222,009 shares of the investment management company’s stock valued at $1,616,000 after buying an additional 46,946 shares during the period. 17.03% of the stock is currently owned by hedge funds and other institutional investors.

Capitala Finance stock traded down $0.05 during trading hours on Friday, reaching $8.72. The company had a trading volume of 57,676 shares, compared to its average volume of 65,606. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.64 and a quick ratio of 1.97. The stock has a market capitalization of $140.33 million, a P/E ratio of 8.90 and a beta of 0.97. Capitala Finance has a 12-month low of $6.88 and a 12-month high of $10.00.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Thursday, August 23rd will be paid a dividend of $0.0833 per share. The ex-dividend date is Wednesday, August 22nd. This represents a $1.00 annualized dividend and a dividend yield of 11.46%. Capitala Finance’s dividend payout ratio (DPR) is presently 102.04%.

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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