Capitala Finance (NASDAQ:CPTA) issued its earnings results on Sunday. The investment management company reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.52), Fidelity Earnings reports. Capitala Finance had a positive return on equity of 1.74% and a negative net margin of 118.60%.
Shares of NASDAQ:CPTA traded up $0.31 during midday trading on Tuesday, reaching $20.06. 632 shares of the company’s stock traded hands, compared to its average volume of 23,125. The company has a market cap of $54.38 million, a P/E ratio of -1.48 and a beta of 1.85. The company has a fifty day simple moving average of $16.71 and a two-hundred day simple moving average of $14.40. The company has a debt-to-equity ratio of 1.97, a quick ratio of 10.35 and a current ratio of 10.35. Capitala Finance has a 1 year low of $8.40 and a 1 year high of $23.58.
Separately, Zacks Investment Research cut shares of Capitala Finance from a “hold” rating to a “sell” rating in a research report on Tuesday, March 9th.
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 goods, textile apparel and luxury goods, leisure goods, household durables, retail, energy, and health-care industries.
See Also: Systematic Risk and Investors
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