Q3 2016 EPS Estimates for Capitala Finance Corp. (CPTA) Decreased by Analyst
Capitala Finance Corp. (NASDAQ:CPTA) – Stock analysts at Oppenheimer Holdings cut their Q3 2016 earnings estimates for shares of Capitala Finance Corp. in a research note issued to investors on Friday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings per share of $0.40 for the quarter, down from their prior estimate of $0.46. Oppenheimer Holdings also issued estimates for Capitala Finance Corp.’s Q4 2016 earnings at $0.39 EPS, FY2016 earnings at $1.72 EPS and FY2017 earnings at $1.63 EPS.
Several other brokerages also recently commented on CPTA. Zacks Investment Research raised shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Barclays PLC set a $15.00 price objective on shares of Capitala Finance Corp. and gave the company a “buy” rating in a research note on Thursday, August 11th. Deutsche Bank AG upped their price objective on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research note on Friday, August 12th. FBR & Co upped their price objective on shares of Capitala Finance Corp. from $14.00 to $15.00 and gave the company a “mkt perform” rating in a research note on Wednesday, August 10th. Finally, JMP Securities downgraded shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, September 23rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.13.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.11 on Monday. The stock has a 50 day moving average price of $14.77 and a 200 day moving average price of $13.87. Capitala Finance Corp. has a 52 week low of $9.54 and a 52 week high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Tuesday, August 9th. The investment management company reported $0.47 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. Capitala Finance Corp. had a return on equity of 11.23% and a net margin of 3.04%.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 21st will be issued a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.90%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently 1,709.09%.
A number of large investors have recently made changes to their positions in CPTA. BlackRock Group LTD boosted its stake in shares of Capitala Finance Corp. by 2.4% in the first quarter. BlackRock Group LTD now owns 73,811 shares of the investment management company’s stock worth $886,000 after buying an additional 1,719 shares during the period. Nuveen Fund Advisors LLC acquired a new stake in shares of Capitala Finance Corp. during the second quarter worth $1,019,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Capitala Finance Corp. by 12.6% in the second quarter. Advisors Asset Management Inc. now owns 791,589 shares of the investment management company’s stock worth $11,082,000 after buying an additional 88,295 shares during the period. Institutional investors and hedge funds own 22.84% of the company’s stock.
About Capitala Finance Corp.
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.
Receive News & Stock Ratings for Capitala Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance Corp. and related stocks with our FREE daily email newsletter.