Capitala Finance Corp. (NASDAQ:CPTA) – Analysts at FBR & Co reduced their Q2 2017 earnings per share estimates for shares of Capitala Finance Corp. in a report released on Wednesday. FBR & Co analyst C. Nolan now anticipates that the firm will earn $0.40 per share for the quarter, down from their previous estimate of $0.45. FBR & Co currently has a “Hold” rating and a $15.00 price target on the stock.

Several other analysts have also issued reports on the stock. Barclays PLC restated a “buy” rating and set a $14.00 price target on shares of Capitala Finance Corp. in a research report on Friday. Oppenheimer Holdings Inc. lowered shares of Capitala Finance Corp. from an “outperform” rating to a “market perform” rating and set a $16.00 price target for the company. in a research report on Thursday. Ladenburg Thalmann lowered shares of Capitala Finance Corp. from a “buy” rating to a “neutral” rating in a research report on Thursday. Jefferies Group set a $17.00 price target on shares of Capitala Finance Corp. and gave the company a “buy” rating in a research report on Tuesday, November 8th. Finally, TheStreet upgraded shares of Capitala Finance Corp. from a “sell” rating to a “hold” rating in a research report on Monday, September 26th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $15.39.

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

Capitala Finance Corp. (NASDAQ:CPTA) opened at 12.08 on Friday. The firm’s 50-day moving average price is $13.00 and its 200-day moving average price is $13.94. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year 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 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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%.

The business also recently declared a monthly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, December 21st will be paid a $0.13 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 12.91%. The ex-dividend date is Monday, December 19th. Capitala Finance Corp.’s payout ratio is currently -305.88%.

A number of institutional investors have recently added to or reduced their stakes in CPTA. Advisors Asset Management Inc. increased its position in 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 last quarter. 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. Stephens Inc. AR boosted 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 $869,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted 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. 22.68% of the stock is owned by institutional investors.

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.