Capitala Finance Corp. Expected to Earn Q4 2016 Earnings of $0.36 Per Share (CPTA)
Capitala Finance Corp. (NASDAQ:CPTA) – Stock analysts at Oppenheimer Holdings reduced their Q4 2016 earnings per share (EPS) estimates for shares of Capitala Finance Corp. in a research report issued on Thursday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the brokerage will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.39. Oppenheimer Holdings currently has a “Market Perform” rating and a $16.00 price target on the stock. Oppenheimer Holdings also issued estimates for Capitala Finance Corp.’s FY2017 earnings at $1.56 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its quarterly earnings results on Tuesday, November 8th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Capitala Finance Corp. had a positive return on equity of 11.51% and a negative net margin of 11.51%.
Other equities research analysts have also issued reports about the company. Deutsche Bank AG raised their target price on Capitala Finance Corp. from $14.75 to $16.25 and gave the company a “buy” rating in a research report on Friday, August 12th. Barclays PLC set a $15.00 price target on Capitala Finance Corp. and gave the stock a “buy” rating in a research note on Thursday, August 11th. Ladenburg Thalmann upgraded Capitala Finance Corp. from a “neutral” rating to a “buy” rating and set a $14.75 price target for the company in a research note on Thursday, October 6th. Jefferies Group set a $17.00 price target on Capitala Finance Corp. and gave the stock a “buy” rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.39.
Hedge funds have recently modified their holdings of the stock. Stephens Inc. AR increased its stake in shares of 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 worth $1,569,000 after buying an additional 1,072 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Capitala Finance Corp. during the third quarter worth about $869,000. Sumitomo Mitsui Asset Management Company LTD increased its stake 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 worth $1,109,000 after buying an additional 7,233 shares during the period. Muzinich & Co. Inc. increased its stake 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 worth $2,729,000 after buying an additional 82,251 shares during the period. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of Capitala Finance Corp. during the second quarter worth about $1,019,000. Hedge funds and other institutional investors own 22.68% of the company’s stock.
The firm also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Wednesday, December 21st will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.91%. Capitala Finance Corp.’s dividend payout ratio (DPR) is presently -305.88%.
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.
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