Capitala Finance Corp. (NASDAQ:CPTA) – Equities researchers at Jefferies Group cut their Q3 2017 earnings estimates for Capitala Finance Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst J. Hecht now expects that the investment management company will post earnings of $0.23 per share for the quarter, down from their prior estimate of $0.39. Jefferies Group has a “Buy” rating and a $17.00 price target on the stock. Jefferies Group also issued estimates for Capitala Finance Corp.’s Q4 2017 earnings at $0.23 EPS, FY2017 earnings at $0.90 EPS, Q1 2018 earnings at $0.21 EPS, Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.28 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.00 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings results on Monday, August 7th. The investment management company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.33. The firm had revenue of $12.36 million for the quarter, compared to analysts’ expectations of $15.11 million. Capitala Finance Corp. had a net margin of 8.91% and a return on equity of 8.55%. TRADEMARK VIOLATION NOTICE: This news story was first published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and republished in violation of U.S. & international copyright law. The legal version of this news story can be read at https://www.com-unik.info/2017/08/12/q3-2017-eps-estimates-for-capitala-finance-corp-cpta-lowered-by-jefferies-group.html.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Capitala Finance Corp. from a “hold” rating to a “strong sell” rating in a report on Friday. Ladenburg Thalmann Financial Services reaffirmed a “neutral” rating on shares of Capitala Finance Corp. in a report on Thursday. TheStreet lowered Capitala Finance Corp. from a “b-” rating to a “c+” rating in a report on Tuesday. Keefe, Bruyette & Woods set a $15.00 price objective on Capitala Finance Corp. and gave the stock a “hold” rating in a report on Wednesday, May 31st. Finally, Wunderlich raised Capitala Finance Corp. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.50 to $15.50 in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.44.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 8.98 on Friday. The firm’s 50-day moving average price is $12.75 and its 200 day moving average price is $13.66. Capitala Finance Corp. has a 1-year low of $8.82 and a 1-year high of $15.80.
The business also recently declared a monthly dividend, which will be paid on Wednesday, August 30th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.13 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 17.37%. The ex-dividend date of this dividend is Monday, August 21st. Capitala Finance Corp.’s dividend payout ratio is currently 458.82%.
Several institutional investors have recently added to or reduced their stakes in CPTA. GSA Capital Partners LLP bought a new position in Capitala Finance Corp. during the second quarter worth about $150,000. Stephens Inc. AR raised its position in Capitala Finance Corp. by 2.1% in the second quarter. Stephens Inc. AR now owns 114,352 shares of the investment management company’s stock worth $1,488,000 after buying an additional 2,363 shares in the last quarter. JPMorgan Chase & Co. raised its position in Capitala Finance Corp. by 396.2% in the second quarter. JPMorgan Chase & Co. now owns 24,609 shares of the investment management company’s stock worth $320,000 after buying an additional 19,650 shares in the last quarter. BB&T Securities LLC raised its position in Capitala Finance Corp. by 21.4% in the second quarter. BB&T Securities LLC now owns 166,348 shares of the investment management company’s stock worth $2,164,000 after buying an additional 29,274 shares in the last quarter. Finally, Eagle Global Advisors LLC raised its position in Capitala Finance Corp. by 12.7% in the second quarter. Eagle Global Advisors LLC now owns 30,171 shares of the investment management company’s stock worth $393,000 after buying an additional 3,400 shares in the last quarter. 28.58% of the stock is currently owned by hedge funds and other institutional investors.
Capitala Finance Corp. Company Profile
Capitala Finance Corp. is an externally managed non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through debt and equity investments. Both directly and through its subsidiaries that are licensed by the United States Small Business Administration (SBA), the Company offers financing to business owners, management teams and financial sponsors for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives.
What are top analysts saying about Capitala Finance Corp.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Capitala Finance Corp. and related companies.