Capitala Finance Corp. (CPTA) to Post FY2016 Earnings of $1.80 Per Share, FBR & Co Forecasts
Capitala Finance Corp. (NASDAQ:CPTA) – Equities researchers at FBR & Co decreased their FY2016 earnings per share estimates for shares of Capitala Finance Corp. in a research note issued to investors on Wednesday. FBR & Co analyst C. Nolan now forecasts that the brokerage will post earnings per share of $1.80 for the year, down from their prior estimate of $1.85. FBR & Co currently has a “Hold” rating and a $15.00 price objective on the stock. FBR & Co also issued estimates for Capitala Finance Corp.’s Q4 2016 earnings at $0.39 EPS, Q1 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.41 EPS, FY2017 earnings at $1.65 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.45 EPS and FY2018 earnings at $1.78 EPS.
A number of other research analysts also recently commented on the stock. Wunderlich downgraded shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.50 to $14.50 in a research note on Friday, September 23rd. Ladenburg Thalmann upgraded Capitala Finance Corp. from a “neutral” rating to a “buy” rating and set a $14.75 target price for the company in a report on Thursday, October 6th. Zacks Investment Research upgraded Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. JMP Securities cut Capitala Finance Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, September 23rd. Finally, TheStreet upgraded Capitala Finance Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.65.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.07 on Thursday. The firm’s 50-day moving average is $13.07 and its 200-day moving average is $13.95. Capitala Finance Corp. has a 12-month low of $9.54 and a 12-month high of $15.80.
Capitala Finance Corp. (NASDAQ:CPTA) last issued its earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.01. Capitala Finance Corp. had a negative net margin of 11.51% and a positive return on equity of 11.37%.
The firm also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, December 21st will be paid a dividend of $0.13 per share. This represents a $1.56 annualized dividend and a dividend yield of 12.92%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s dividend payout ratio (DPR) is currently -305.88%.
Several institutional investors have recently added to or reduced their stakes in CPTA. Confluence Investment Management LLC acquired a new position in Capitala Finance Corp. during the third quarter valued at approximately $869,000. BlackRock Group LTD boosted its position in 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 valued at $886,000 after buying an additional 1,719 shares during the period. Nuveen Fund Advisors LLC acquired a new position in Capitala Finance Corp. during the second quarter valued at approximately $1,019,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in Capitala Finance Corp. by 9.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 84,594 shares of the investment management company’s stock valued at $1,109,000 after buying an additional 7,233 shares during the period. Finally, Stephens Inc. AR boosted its position in Capitala Finance Corp. by 0.9% in the third quarter. Stephens Inc. AR now owns 119,643 shares of the investment management company’s stock valued at $1,569,000 after buying an additional 1,072 shares during the period. Institutional investors own 22.68% 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.
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