Brokerages Anticipate Capitala Finance Corp (NASDAQ:CPTA) Will Announce Quarterly Sales of $7.01 Million

Analysts forecast that Capitala Finance Corp (NASDAQ:CPTA) will report $7.01 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Capitala Finance’s earnings. The highest sales estimate is $7.16 million and the lowest is $6.85 million. Capitala Finance reported sales of $11.59 million during the same quarter last year, which indicates a negative year over year growth rate of 39.5%. The company is expected to issue its next quarterly earnings results on Monday, August 3rd.

According to Zacks, analysts expect that Capitala Finance will report full-year sales of $28.53 million for the current fiscal year, with estimates ranging from $28.50 million to $28.57 million. For the next year, analysts expect that the business will report sales of $28.52 million, with estimates ranging from $26.68 million to $30.36 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Capitala Finance.

CPTA has been the topic of several recent research reports. TheStreet downgraded Capitala Finance from a “c-” rating to a “d+” rating in a report on Wednesday, March 18th. Zacks Investment Research lowered Capitala Finance from a “hold” rating to a “sell” rating in a report on Wednesday, June 3rd. JMP Securities lowered Capitala Finance from a “market perform” rating to an “underperform” rating and set a $2.25 price objective for the company. in a report on Tuesday, May 26th. Finally, ValuEngine lowered Capitala Finance from a “hold” rating to a “sell” rating in a report on Wednesday, June 17th. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The stock presently has a consensus rating of “Sell” and an average target price of $4.88.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG lifted its holdings in shares of Capitala Finance by 1.1% during the fourth quarter. UBS Group AG now owns 301,257 shares of the investment management company’s stock valued at $2,630,000 after purchasing an additional 3,397 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Capitala Finance by 5.7% during the fourth quarter. Advisors Asset Management Inc. now owns 253,727 shares of the investment management company’s stock valued at $2,215,000 after acquiring an additional 13,616 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Capitala Finance by 32.5% during the first quarter. Two Sigma Advisers LP now owns 208,302 shares of the investment management company’s stock valued at $652,000 after acquiring an additional 51,100 shares in the last quarter. Biltmore Capital Advisors LLC increased its position in shares of Capitala Finance by 81.3% during the fourth quarter. Biltmore Capital Advisors LLC now owns 29,000 shares of the investment management company’s stock valued at $253,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Advisor Group Holdings Inc. bought a new stake in Capitala Finance in the 1st quarter worth approximately $87,000. 14.69% of the stock is currently owned by institutional investors.

CPTA stock traded up $0.01 during midday trading on Monday, reaching $2.60. 64,491 shares of the stock were exchanged, compared to its average volume of 216,281. The stock has a market capitalization of $42.14 million, a PE ratio of -0.61 and a beta of 1.84. Capitala Finance has a 52 week low of $2.18 and a 52 week high of $9.99. The company has a fifty day moving average price of $2.78 and a 200 day moving average price of $5.70. The company has a debt-to-equity ratio of 2.69, a current ratio of 14.49 and a quick ratio of 14.49.

About Capitala Finance

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

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