Capitala Finance (NASDAQ:CPTA) announced its quarterly earnings data on Sunday. The investment management company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.52), Fidelity Earnings reports. Capitala Finance had a negative net margin of 118.60% and a positive return on equity of 1.74%.
NASDAQ:CPTA traded up $0.10 during trading hours on Tuesday, hitting $19.85. The stock had a trading volume of 210 shares, compared to its average volume of 23,125. The company has a 50 day simple moving average of $16.71 and a two-hundred day simple moving average of $14.40. The firm has a market capitalization of $53.81 million, a price-to-earnings ratio of -1.48 and a beta of 1.85. The company has a debt-to-equity ratio of 1.97, a current ratio of 10.35 and a quick ratio of 10.35. Capitala Finance has a one year low of $8.40 and a one year high of $23.58.
Separately, Zacks Investment Research cut 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.
Featured Story: Initial Coin Offering (ICO)
Receive News & Ratings for Capitala Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capitala Finance and related companies with MarketBeat.com's FREE daily email newsletter.