About Capitala Finance Corp. (NASDAQ:CPTA)
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. The Company provides capital to lower and traditional middle-market companies in the United States, with a non-exclusive emphasis on the Southeast, Southwest and Mid-Atlantic regions. The Company invests in first lien, second lien and subordinated loans. The Company's investment advisor is Capitala Investment Advisors, LLC.
Industry, Sector and Symbol:
- Industry: Closed End Funds
- Sub-Industry: N/A
- Sector: Closed End Funds
- Symbol: NASDAQ:CPTA
- CUSIP: N/A
- Web: www.capitalagroup.com
- Debt-to-Equity Ratio: 1.29%
- Current Ratio: 21.58%
- Quick Ratio: 21.58%
Sales & Book Value:
- Trailing P/E Ratio: 6.78
- Forward P/E Ratio: 7.93
- Annual Sales: $68.31 million
- Price / Sales: 1.78
- Cash Flow: $1.93 per share
- Price / Cash: 3.94
- Book Value: $14.20 per share
- Price / Book: 0.54
- Annual Dividend: $1.00
- Dividend Yield: 13.1%
- Trailing EPS: $0.11
- Net Income: $9.15 million
- Net Margins: 3.04%
- Return on Equity: 7.49%
- Return on Assets: 3.19%
- Outstanding Shares: 15,940,000
Frequently Asked Questions for Capitala Finance Corp. (NASDAQ:CPTA)
What is Capitala Finance Corp.'s stock symbol?
Capitala Finance Corp. trades on the NASDAQ under the ticker symbol "CPTA."
How often does Capitala Finance Corp. pay dividends? What is the dividend yield for Capitala Finance Corp.?
Capitala Finance Corp. declared a monthly dividend on Tuesday, October 3rd. Stockholders of record on Wednesday, December 20th will be given a dividend of $0.0833 per share on Thursday, December 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 13.14%. The ex-dividend date of this dividend is Tuesday, December 19th. View Capitala Finance Corp.'s Dividend History.
How were Capitala Finance Corp.'s earnings last quarter?
Capitala Finance Corp. (NASDAQ:CPTA) posted its quarterly earnings results on Monday, November, 6th. The investment management company reported $0.28 EPS for the quarter, meeting the Zacks' consensus estimate of $0.28. The investment management company earned $12.31 million during the quarter, compared to analysts' expectations of $12.42 million. Capitala Finance Corp. had a return on equity of 7.49% and a net margin of 3.04%. View Capitala Finance Corp.'s Earnings History.
When will Capitala Finance Corp. make its next earnings announcement?
Where is Capitala Finance Corp.'s stock going? Where will Capitala Finance Corp.'s stock price be in 2017?
5 analysts have issued twelve-month price objectives for Capitala Finance Corp.'s stock. Their forecasts range from $9.50 to $15.50. On average, they anticipate Capitala Finance Corp.'s stock price to reach $13.50 in the next year. View Analyst Ratings for Capitala Finance Corp..
What are Wall Street analysts saying about Capitala Finance Corp. stock?
Here are some recent quotes from research analysts about Capitala Finance Corp. stock:
- 1. According to Zacks Investment Research, "Capitala Finance Corp. is a business development company. The company invests primarily in traditional mezzanine, senior subordinated and unitranche debt, senior and second-lien loans and equity securities. Capitala Finance Corp. is headquartered in Charlotte, United States. " (11/17/2017)
- 2. FBR & Co analysts commented, "Following 4Q16 results, we are lowering our 2018 EPS estimates and maintaining our $14 price target and Market Perform rating. CPTA reported 4Q16 EPS of $0.43, above both our and consensus estimate of $0.39. The difference was largely related to increased PIK income since last quarter. 4Q16 net investment income decreased from last quarter, reflecting in part re-categorizing Sierra Hamilton as nonaccrual. This is despite debt investment yields increasing to 13.2% (vs. 12.7% in 3Q16) as CPTA continues to focus on investing across the capital structure of lower middle-market companies (defined as EBITDA of $10M–$30M). CPTA’s operating expenses also declined with revenues QOQ, as did management’s fee waiver. We expect the fee waiver will be gone in 1Q17, particularly given the quarterly dividend has decreased to $0.39 per share from $0.47. Asset quality was mixed in 4Q16, with realized gains and unrealized appreciation boosting NAV/share QOQ but nonaccruals also increasing. Nevertheless, we believe CPTA’s asset quality trends are improving overall." (3/10/2017)
- 3. Jefferies Group LLC analysts commented, "CPTA reported 4Q16 NOI per share of $0.43, $0.04 ahead of our forecast and the Street's. After generating substantial liquidity in 3Q16, CPTA deployed over nearly $67M in the quarter into attractive yielding investments, driving up the consolidated portfolio yield and driving the EPS upside. Credit appears relatively stable with one inflow to non-accrual. We view the quarterly results favorably and recommend CPTA." (3/8/2017)
Who are some of Capitala Finance Corp.'s key competitors?
Some companies that are related to Capitala Finance Corp. include Invesco Bond Fund (VBF), Center Coast MLP & Infrastructure Fund (CEN), Stellus Capital Investment Corporation (SCM), Invesco California Value Municipal Income Trust (VCV), Kayne Anderson Energy Development (KED), OFS Capital Corporation (OFS), BlackRock LT Municipal Advantage Trust (BTA), GSV Capital Corp (GSVC), StoneCastle Financial Corp (BANX), Horizon Technology Finance Corporation (HRZN), KCAP Financial (KCAP), Ithaca Energy (IAE), American Capital Senior Floating (ACSF), Alcentra Capital Corp. (ABDC), Harvest Capital Credit Corporation (HCAP), Malaysia Fund (MAY), Full Circle Capital Corp (FULL) and GLI Finance Ltd (GLIF).
Who are Capitala Finance Corp.'s key executives?
Capitala Finance Corp.'s management team includes the folowing people:
- Joseph B. Alala III, Chairman of the Board, President, Chief Executive Officer (Age 45)
- Stephen A. Arnall, Chief Financial Officer (Age 53)
- John F. McGlinn, Chief Operating Officer, Treasurer, Secretary (Age 46)
- Richard G. Wheelahan III, Chief Compliance Officer (Age 34)
- M. Hunt Broyhill, Director (Age 51)
- Larry W. Carroll, Independent Director (Age 65)
- H. Paul Chapman, Independent Director (Age 63)
- R. Charles Moyer Ph.D., Independent Director (Age 70)
Who owns Capitala Finance Corp. stock?
Capitala Finance Corp.'s stock is owned by a variety of of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (2.60%), BB&T Securities LLC (1.30%), Carroll Financial Associates Inc. (0.00%) and Dynamic Technology Lab Private Ltd (0.15%). Company insiders that own Capitala Finance Corp. stock include John F Mcglinn, Joseph B Alala III, Larry W Carroll, Markham Hunt Broyhill and Stephen A Arnall. View Institutional Ownership Trends for Capitala Finance Corp..
Who sold Capitala Finance Corp. stock? Who is selling Capitala Finance Corp. stock?
Who bought Capitala Finance Corp. stock? Who is buying Capitala Finance Corp. stock?
Capitala Finance Corp.'s stock was bought by a variety of institutional investors in the last quarter, including BB&T Securities LLC and Carroll Financial Associates Inc.. Company insiders that have bought Capitala Finance Corp. stock in the last two years include John F Mcglinn, Joseph B Alala III, Larry W Carroll, Markham Hunt Broyhill and Stephen A Arnall. View Insider Buying and Selling for Capitala Finance Corp..
How do I buy Capitala Finance Corp. stock?
Shares of Capitala Finance Corp. can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Capitala Finance Corp.'s stock price today?
One share of Capitala Finance Corp. stock can currently be purchased for approximately $7.61.
How big of a company is Capitala Finance Corp.?
Capitala Finance Corp. has a market capitalization of $121.12 million and generates $68.31 million in revenue each year. The investment management company earns $9.15 million in net income (profit) each year or $0.11 on an earnings per share basis.
How can I contact Capitala Finance Corp.?
Capitala Finance Corp.'s mailing address is 4201 Congress St Ste 360, CHARLOTTE, NC 28209-4636, United States. The investment management company can be reached via phone at +1-704-3765502.
MarketBeat Community Rating for Capitala Finance Corp. (NASDAQ CPTA)MarketBeat's community ratings are surveys of what our community members think about Capitala Finance Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Analysts' Consensus Rating for Capitala Finance Corp. (NASDAQ:CPTA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 4 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings|
|Consensus Rating:||Hold (Score: 2.20)|
|Consensus Price Target: ||$13.50 (77.40% upside)|
Consensus Price Target History for Capitala Finance Corp. (NASDAQ:CPTA)
Analysts' Ratings History for Capitala Finance Corp. (NASDAQ:CPTA)
(Data available from 11/18/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/16/2017||Jefferies Group LLC||Downgrade||Buy -> Hold||N/A|
|11/10/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$9.50||N/A|
|8/10/2017||Ladenburg Thalmann Financial Services||Reiterated Rating||Neutral -> Neutral||Low|
|5/15/2017||Wunderlich||Upgrade||Hold -> Buy||$14.50 -> $15.50||High|
|5/9/2017||FBR & Co||Boost Price Target||Mkt Perform -> Market Perform||$14.00 -> $15.00||Low|
|11/11/2016||Barclays PLC||Set Price Target||Buy||$14.00||N/A|
|11/10/2016||Oppenheimer Holdings, Inc.||Downgrade||Outperform -> Market Perform||$16.00||N/A|
|9/23/2016||JMP Securities||Downgrade||Outperform -> Market Perform||N/A|
|8/12/2016||Deutsche Bank AG||Boost Price Target||Buy||$14.75 -> $16.25||N/A|
|4/27/2016||Janney Montgomery Scott||Reiterated Rating||Hold||N/A|
|3/17/2016||Stephens||Lower Price Target||Equal Weight||$17.00 -> $15.00||N/A|
Earnings History and Estimates Chart for Capitala Finance Corp. (NASDAQ:CPTA)
Earnings History by Quarter for Capitala Finance Corp. (NASDAQ CPTA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/6/2018|| || || || || || || || |
|11/6/2017||Q3 2017||$0.28||$0.28||$12.42 million||$12.31 million||View||N/A|
|8/7/2017||Q2 2017||$0.37||$0.04||$15.11 million||$12.36 million||View||Listen|
|5/8/2017||Q1 2017||$0.39||$0.39||$16.23 million||$14.82 million||View||Listen|
|3/7/2017||Q4 2016||$0.39||$0.43||$15.55 million||$16.51 million||View||Listen|
|11/8/2016||Q316||$0.46||$0.47||$16.95 million||$17.36 million||View||Listen|
|8/9/2016||Q216||$0.47||$0.47||$17.48 million||$16.99 million||View||N/A|
|5/9/2016||Q116||$0.47||$0.47||$17.10 million||$17.45 million||View||N/A|
|3/8/2016||Q415||$0.46||$0.47||$17.94 million||$16.55 million||View||N/A|
|11/9/2015||Q315||$0.41||$0.48||$17.02 million||$18.30 million||View||Listen|
|8/10/2015||Q215||$0.41||$0.33||$15.55 million||$15.08 million||View||Listen|
|5/11/2015||Q115||$0.43||$0.37||$14.28 million||$14.04 million||View||N/A|
|3/4/2015||Q414||$0.40||$0.39||$13.60 million||$13.50 million||View||Listen|
|11/10/2014||Q3 2014||$0.41||$0.27||$13.23 million||$11.17 million||View||N/A|
|8/12/2014||Q214||$0.44||$0.44||$12.40 million||$12.53 million||View||N/A|
|5/12/2014||Q114||$0.45||$0.44||$11.48 million||$12.37 million||View||N/A|
Earnings Estimates for Capitala Finance Corp. (NASDAQ:CPTA)
2017 EPS Consensus Estimate: $1.39
2018 EPS Consensus Estimate: $1.27
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Capitala Finance Corp. (NASDAQ:CPTA)
|Payout Ratio:||909.09% (Trailing 12 Months of Earnings) |
104.17% (Based on This Year's Estimates)
91.74% (Based on Next Year's Estimates)
Dividend History by Quarter for Capitala Finance Corp. (NASDAQ CPTA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Capitala Finance Corp. (NASDAQ CPTA)
Insider Ownership Percentage: 8.40%
Institutional Ownership Percentage: 25.77%
Insider Trades by Quarter for Capitala Finance Corp. (NASDAQ CPTA)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|11/14/2017||Joseph B Alala III||Insider||Buy||89,000||$7.77||$691,530.00|| |
|11/13/2017||Larry W Carroll||Director||Buy||10,000||$7.62||$76,200.00|| |
|9/21/2017||Joseph B Alala III||Insider||Buy||200||$9.11||$1,822.00|| |
|8/14/2017||Markham Hunt Broyhill||Director||Buy||5,098||$11.00||$56,078.00|| |
|8/11/2017||John F Mcglinn||Insider||Buy||4,444||$9.00||$39,996.00|| |
|8/11/2017||Larry W Carroll||Director||Buy||20,000||$9.15||$183,000.00|| |
|8/10/2017||Stephen A Arnall||CFO||Buy||1,100||$9.05||$9,955.00|| |
|11/15/2016||Larry W Carroll||Director||Buy||7,000||$12.01||$84,070.00|| |
|3/21/2016||Markham Hunt Broyhill||Director||Buy||10,000||$11.55||$115,500.00|| |
|3/14/2016||John F Mcglinn||COO||Buy||2,190||$11.40||$24,966.00|| |
|12/23/2015||Joseph B Alala III||Insider||Buy||84,950||$11.60||$985,420.00|| |
|12/10/2015||Larry W Carroll||Director||Buy||3,000||$12.90||$38,700.00|| |
|9/23/2015||Joseph B Alala III||CEO||Buy||7,420||$13.35||$99,057.00|| |
|8/25/2015||John F Mcglinn||COO||Buy||2,150||$13.94||$29,971.00|| |
|8/25/2015||Larry W Carroll||Director||Buy||5,000||$13.50||$67,500.00|| |
|8/24/2015||Joseph B Alala III||Insider||Buy||7,500||$13.25||$99,375.00|| |
|8/24/2015||Markham Hunt Broyhill||Director||Buy||10,000||$13.99||$139,900.00|| |
|8/21/2015||Larry W Carroll||Director||Buy||5,000||$14.50||$72,500.00|| |
|8/13/2015||Joseph B Alala III||Insider||Buy||6,600||$14.93||$98,538.00|| |
|6/12/2015||Larry W Carroll||Director||Buy||5,000||$16.44||$82,200.00|| |
|6/10/2015||Larry W Carroll||Director||Buy||3,950||$17.00||$67,150.00|| |
|5/22/2015||Larry W Carroll||Director||Buy||1,050||$17.00||$17,850.00|| |
|5/20/2015||Joseph B Alala III||Insider||Buy||11,600||$17.13||$198,708.00|| |
|5/19/2015||John F Mcglinn||COO||Buy||1,170||$17.10||$20,007.00|| |
|5/15/2015||John F Mcglinn||COO||Buy||2,000||$17.49||$34,980.00|| |
|3/23/2015||Joseph B Alala III||CEO||Buy||7,409||$18.76||$138,992.84|| |
|3/20/2015||H. Paul Chapman||Director||Buy||2,500||$18.80||$47,000.00|| |
|12/23/2014||Larry W Carroll||Director||Buy||4,700||$18.19||$85,493.00|| |
|12/22/2014||Joseph B Alala III||CEO||Buy||8,751||$20.00||$175,020.00|| |
|12/18/2014||John F Mcglinn||COO||Buy||1,900||$18.45||$35,055.00|| |
|11/26/2014||Markham Hunt Broyhill||Director||Buy||1,000||$18.74||$18,740.00|| |
|11/25/2014||Joseph B Alala III||CEO||Buy||10,000||$18.75||$187,500.00|| |
|11/19/2014||Markham Hunt Broyhill||Director||Buy||15,000||$18.85||$282,750.00|| |
|9/18/2014||Larry W Carroll||Director||Buy||1,530||$18.05||$27,616.50|| |
|9/3/2014||Joseph B Alala III||Insider||Buy||5,200||$18.92||$98,384.00|| |
|8/18/2014||John F Mcglinn||COO||Buy||2,650||$18.90||$50,085.00|| |
|6/18/2014||H. Paul Chapman||Director||Buy||5,000||$18.68||$93,400.00|| |
|6/17/2014||Markham Hunt Broyhill||Director||Buy||27,000||$18.55||$500,850.00|| |
|5/19/2014||Markham Hunt Broyhill||Director||Buy||13,580||$18.41||$250,007.80|| |
|5/16/2014||Markham Hunt Broyhill||Director||Buy||1,098||$18.19||$19,972.62|| |
|5/15/2014||Joseph Alala III||Insider||Buy||55,118||$18.04||$994,328.72|| |
|12/17/2013||Markham Hunt Broyhill||Director||Buy||10,000||$19.77||$197,700.00|| |
|12/12/2013||Markham Hunt Broyhill||Director||Buy||5,000||$19.78||$98,900.00|| |
|12/4/2013||Markham Hunt Broyhill||Director||Buy||1,000||$19.80||$19,800.00|| |
|11/21/2013||Joseph Alala III||Insider||Buy||10,500||$19.00||$199,500.00|| |
|11/18/2013||Stephen Arnall||CFO||Buy||2,600||$19.13||$49,738.00|| |
|9/30/2013||H. Paul Chapman||Director||Buy||2,500||$19.20||$48,000.00|| |
Headline Trends for Capitala Finance Corp. (NASDAQ:CPTA)
Latest Headlines for Capitala Finance Corp. (NASDAQ CPTA)
Capitala Finance Corp. (NASDAQ CPTA) Chart for Saturday, November, 18, 2017