Equities research analysts expect Capitala Finance Corp (NASDAQ:CPTA) to report sales of $12.48 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Capitala Finance’s earnings. The lowest sales estimate is $12.23 million and the highest is $12.74 million. Capitala Finance reported sales of $11.88 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings report on Monday, August 5th.

According to Zacks, analysts expect that Capitala Finance will report full-year sales of $51.05 million for the current year, with estimates ranging from $50.21 million to $51.89 million. For the next year, analysts expect that the business will report sales of $52.97 million, with estimates ranging from $51.66 million to $54.29 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Capitala Finance.

Capitala Finance (NASDAQ:CPTA) last announced its quarterly earnings results on Monday, May 6th. The investment management company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.02. Capitala Finance had a positive return on equity of 7.86% and a negative net margin of 34.43%. The company had revenue of $12.68 million during the quarter, compared to the consensus estimate of $11.59 million.

A number of brokerages have issued reports on CPTA. Zacks Investment Research raised Capitala Finance from a “sell” rating to a “hold” rating and set a $10.00 price target for the company in a report on Tuesday, May 7th. ValuEngine downgraded Capitala Finance from a “buy” rating to a “hold” rating in a report on Friday, March 1st.

NASDAQ:CPTA traded down $0.02 during trading hours on Wednesday, reaching $8.92. The company had a trading volume of 168,576 shares, compared to its average volume of 79,443. Capitala Finance has a 1-year low of $6.46 and a 1-year high of $9.05. The company has a market capitalization of $143.73 million, a PE ratio of 8.92 and a beta of 1.16. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.46.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Thursday, May 23rd will be given a $0.0833 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 11.21%. The ex-dividend date is Wednesday, May 22nd. Capitala Finance’s dividend payout ratio (DPR) is presently 100.00%.

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Capitala Finance by 23.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 1,400 shares during the last quarter. Franklin Street Advisors Inc. NC bought a new stake in Capitala Finance in the first quarter worth $108,000. Acadian Asset Management LLC lifted its position in Capitala Finance by 44.2% in the fourth quarter. Acadian Asset Management LLC now owns 20,479 shares of the investment management company’s stock worth $146,000 after buying an additional 6,278 shares during the last quarter. Virtu Financial LLC bought a new stake in Capitala Finance in the first quarter worth $179,000. Finally, Laurel Wealth Advisors LLC bought a new stake in Capitala Finance in the fourth quarter worth $204,000. Institutional investors and hedge funds own 17.97% 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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