Analysts expect Capitala Finance Corp (NASDAQ:CPTA) to report $0.24 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Capitala Finance’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.23. Capitala Finance reported earnings per share of $0.26 in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, March 4th.

On average, analysts expect that Capitala Finance will report full year earnings of $1.02 per share for the current financial year, with EPS estimates ranging from $1.02 to $1.03. For the next financial year, analysts forecast that the company will report earnings of $1.00 per share, with EPS estimates ranging from $0.95 to $1.03. Zacks’ EPS calculations are an average based on a survey of research firms that follow Capitala Finance.

A number of equities analysts have recently commented on CPTA shares. Zacks Investment Research cut Capitala Finance from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. ValuEngine raised Capitala Finance from a “sell” rating to a “hold” rating in a research report on Friday, December 28th.

NASDAQ CPTA traded down $0.03 during trading on Monday, hitting $8.46. 62,500 shares of the stock traded hands, compared to its average volume of 65,700. The stock has a market capitalization of $135.46 million, a PE ratio of 8.63 and a beta of 1.13. The company has a debt-to-equity ratio of 1.41, a current ratio of 18.16 and a quick ratio of 18.16. Capitala Finance has a 12-month low of $6.46 and a 12-month high of $9.05.

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 27th. Shareholders of record on Wednesday, February 20th will be paid a dividend of $0.0833 per share. The ex-dividend date is Tuesday, February 19th. This represents a $1.00 annualized dividend and a yield of 11.82%. Capitala Finance’s payout ratio is presently 102.04%.

Several institutional investors and hedge funds have recently modified their holdings of CPTA. Macquarie Group Ltd. acquired a new position in Capitala Finance in the 2nd quarter worth about $156,000. Acadian Asset Management LLC raised its holdings in shares of Capitala Finance by 501.2% during the third quarter. Acadian Asset Management LLC now owns 14,201 shares of the investment management company’s stock valued at $124,000 after acquiring an additional 11,839 shares during the last quarter. Regent Investment Management LLC grew its position in shares of Capitala Finance by 13.7% in the fourth quarter. Regent Investment Management LLC now owns 77,367 shares of the investment management company’s stock valued at $555,000 after purchasing an additional 9,325 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Capitala Finance by 23.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,500 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in shares of Capitala Finance in the fourth quarter valued at approximately $204,000. Hedge funds and other institutional investors own 17.60% of the company’s stock.

Capitala Finance Company Profile

Capitala Finance Corp. is a Business Development Company specializing in traditional mezzanine, senior subordinated and unitranche debt, first-lien and second-lien loans, equity investments in sponsored and non-sponsored lower and traditional middle market companies. The fund targets companies in the business services, commercial and professional services, manufacturing, consumer and retail, energy, and health-care industries.

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