Capitala Finance Corp. (NASDAQ:CPTA) – Investment analysts at Oppenheimer Holdings decreased their Q3 2016 earnings per share (EPS) estimates for shares of Capitala Finance Corp. in a report issued on Friday. Oppenheimer Holdings analyst C. Kotowski now expects that the firm will post earnings per share of $0.40 for the quarter, down from their previous forecast of $0.46. Oppenheimer Holdings also issued estimates for Capitala Finance Corp.’s Q4 2016 earnings at $0.39 EPS, FY2016 earnings at $1.72 EPS and FY2017 earnings at $1.63 EPS.
Capitala Finance Corp. (NASDAQ:CPTA) last posted its earnings results on Tuesday, August 9th. The investment management company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Capitala Finance Corp. had a net margin of 3.04% and a return on equity of 11.23%.
CPTA has been the subject of several other reports. Zacks Investment Research cut shares of Capitala Finance Corp. from a “hold” rating to a “sell” rating in a research report on Monday, September 12th. Wunderlich cut shares of Capitala Finance Corp. from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.50 to $14.50 in a research report on Friday. FBR & Co set a $15.00 price objective on shares of Capitala Finance Corp. and gave the stock a “hold” rating in a research report on Friday. Barclays PLC set a $15.00 price objective on shares of Capitala Finance Corp. and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Deutsche Bank AG lifted their price objective on shares of Capitala Finance Corp. from $14.75 to $16.25 and gave the stock a “buy” rating in a research report on Friday, August 12th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.13.
Shares of Capitala Finance Corp. (NASDAQ:CPTA) opened at 13.11 on Monday. Capitala Finance Corp. has a 1-year low of $9.54 and a 1-year high of $15.80. The stock’s 50 day moving average is $14.81 and its 200 day moving average is $13.86.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, December 21st will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, December 19th. This represents a $1.56 dividend on an annualized basis and a yield of 11.90%. Capitala Finance Corp.’s dividend payout ratio is presently 1,709.09%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Group LTD raised 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 worth $886,000 after buying an additional 1,719 shares in the last quarter. Nuveen Fund Advisors LLC acquired a new position in Capitala Finance Corp. during the second quarter worth approximately $1,019,000. Finally, Advisors Asset Management Inc. raised 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 in the last quarter. Institutional investors own 22.84% of the company’s stock.
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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