Analysts expect 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, with the highest sales estimate coming in at $7.16 million and the lowest estimate coming in at $6.85 million. Capitala Finance posted sales of $11.59 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 39.5%. The firm is expected to announce its next earnings report 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 fiscal year, analysts expect that the business will post sales of $28.52 million, with estimates ranging from $26.68 million to $30.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Capitala Finance.
A number of analysts have recently weighed in on the stock. JMP Securities downgraded shares of Capitala Finance from a “market perform” rating to an “underperform” rating and set a $2.25 price target for the company. in a research report on Tuesday, May 26th. ValuEngine downgraded shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 17th. TheStreet downgraded shares of Capitala Finance from a “c-” rating to a “d+” rating in a research report on Wednesday, March 18th. Finally, Zacks Investment Research downgraded shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Wednesday, June 3rd. Four investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the company’s stock. The company has an average rating of “Sell” and an average target price of $4.88.
A number of institutional investors have recently added to or reduced their stakes in CPTA. Tower Research Capital LLC TRC acquired a new position in Capitala Finance in the fourth quarter worth $32,000. Acadian Asset Management LLC acquired a new position in Capitala Finance in the first quarter worth $37,000. American Asset Management Inc. acquired a new position in Capitala Finance in the first quarter worth $82,000. Advisor Group Holdings Inc. bought a new stake in Capitala Finance in the first quarter valued at $87,000. Finally, Raymond James & Associates bought a new stake in Capitala Finance in the fourth quarter valued at $120,000. 14.69% of the stock is owned by hedge funds and other institutional investors.
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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