Capitala Finance Corp. (NASDAQ:CPTA) – Jefferies Group cut their FY2016 earnings per share (EPS) estimates for shares of Capitala Finance Corp. in a research note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now forecasts that the firm will post earnings per share of $1.80 for the year, down from their previous estimate of $1.88. Jefferies Group currently has a “Buy” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Capitala Finance Corp.’s Q4 2016 earnings at $0.39 EPS, Q1 2017 earnings at $0.39 EPS, Q2 2017 earnings at $0.41 EPS, Q3 2017 earnings at $0.40 EPS and Q4 2017 earnings at $0.40 EPS.

Capitala Finance Corp. (NASDAQ:CPTA) last released its quarterly earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Capitala Finance Corp. had a positive return on equity of 11.37% and a negative net margin of 11.51%.

Earnings History and Estimates for Capitala Finance Corp. (NASDAQ:CPTA)

Several other equities research analysts have also weighed in on CPTA. Barclays PLC set a $15.00 target price on Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research lowered Capitala Finance Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Oppenheimer Holdings Inc. lowered Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $16.00 target price on the stock. in a research report on Thursday. Deutsche Bank AG increased their target price on Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research report on Friday, August 12th. Finally, Ladenburg Thalmann lowered Capitala Finance Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.65.

Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.07 on Thursday. The stock’s 50 day moving average price is $13.07 and its 200 day moving average price is $13.95. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in CPTA. BlackRock Group LTD boosted its position 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 valued at $886,000 after buying an additional 1,719 shares in the last quarter. Advisors Asset Management Inc. boosted its position 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 valued at $11,082,000 after buying an additional 88,295 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Capitala Finance Corp. during the second quarter valued at $1,019,000. Muzinich & Co. Inc. boosted its position in shares of Capitala Finance Corp. by 65.3% in the third quarter. Muzinich & Co. Inc. now owns 208,183 shares of the investment management company’s stock valued at $2,729,000 after buying an additional 82,251 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of 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 in the last quarter. 22.68% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, December 19th. This represents a $1.56 annualized dividend and a yield of 12.92%. Capitala Finance Corp.’s dividend payout ratio is currently -305.88%.

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.

5 Day Chart for NASDAQ:CPTA

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.