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CPTA - Capitala Finance Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Mar 23, 2019.

  1. Marvan

    Marvan Active Member

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    Capitala Group is a $2.7 billion asset management firm that provides capital to lower and traditional middle market businesses throughout North America with office locations in Atlanta, Charlotte, Fort Lauderdale, Los Angeles, New York, and Raleigh. Capitala’s lower middle market investment strategy focuses on investing in debt securities with minority equity co-investments with less than $250 million in enterprise value through its permanent capital vehicles, Capitala Finance Corp. (Nasdaq:CPTA) and Capitala Specialty Lending Corp. (CSLC). Capitala’s growth fund strategy targets control and minority equity investments, typically coupled with credit investments, in lower middle market companies with less than $30 million in enterprise value through both SBIC (CapitalSouth SBIC Fund IV, L.P.) and non-SBIC closed-end funds. Capitala Group has invested in over 150 companies since its inception in 1998 and seeks to partner with strong management teams to create value and achieve optimal outcomes for its investors.

    Increased my position yesterday.
     
  2. Marvan

    Marvan Active Member

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    Capitala Finance (CPTA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2019. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

    The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other hand, if they miss, the stock may move lower.

    While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

    Zacks Consensus Estimate" style="margin-bottom: 1em; color: rgb(0, 0, 0); font-family: Georgia, "Times New Roman", serif; font-size: 18px;">Zacks Consensus Estimate

    This business development company is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of -14.3%.

    Revenues are expected to be $11.59 million, down 7.8% from the year-ago quarter.

    https://uk.finance.yahoo.com/news/analysts-estimate-capitala-finance-cpta-143102745.html
     
  3. Marvan

    Marvan Active Member

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    Capitala Finance (CPTA) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this business development company would post earnings of $0.24 per share when it actually produced earnings of $0.22, delivering a surprise of -8.33%.

    Over the last four quarters, the company has surpassed consensus EPS estimates just once.

    Capitala Finance, which belongs to the Zacks Financial - SBIC & Commercial Industry industry, posted revenues of $12.68 million for the quarter ended March 2019, surpassing the Zacks Consensus Estimate by 9.48%. This compares to year-ago revenues of $12.57 million. The company has topped consensus revenue estimates just once over the last four quarters.

    https://uk.finance.yahoo.com/news/capitala-finance-cpta-beats-q1-002512344.html
     
  4. Marvan

    Marvan Active Member

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    Capitala Group (“Capitala” or the “Company”) announced today that it recently invested a combination of senior secured debt and equity to support L2 Capital Partners in its acquisition of Jurassic Quest Holdings, LLC (“Jurassic Quest”), a family event business that produces the leading interactive dinosaur events in North America.

    Based outside Houston, Texas, Jurassic Quest® is the largest and most realistic dinosaur-themed exhibition in the United States that educates and thrills over 1 million attendees each year.
    In 2018, Jurassic Quest operated two touring companies that covered approximately 90 events in 34 states with over 80 life-like dinosaurs in each exhibition that span the Cretaceous, Triassic and Jurassic eras.
    Jurassic Quest was founded in 2013 by Dan and Leticia Arnold and has approximately 100 full-time employees - of which 80% are traveling with one of the two tours.

    Jack McGlinn, Senior Managing Director for Capitala Group, stated “We are pleased to make this investment in support of L2 Capital Partners and the energetic team at Jurassic Quest. The Arnolds have created such an entrepreneurial, entertaining business and we look forward to helping them bring dynamic tours and exhibits to an even larger audience.”

    https://www.capitalagroup.com/news/...ces-investment-in-jurassic-quest-holdings-llc
     
  5. Marvan

    Marvan Active Member

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    Capitala Finance CPTA

    Dividend Yield: 11.05%

    Capitala is a standout company on the list because in fiscal 2016, 2017, and 2018, the company paid out 12 dividends and is on track to do the same in 2019.

    This monthly dividend, as opposed to a quarterly dividend, allows investors to reinvest their dividends more often, which can lead to significantly bigger profits in the long run.

    Additionally, the company currently holds a Style Score of "A" for Value. Capitala has a P/E of 9.02, which is slightly below the industry average of 10.70.
    Capitala’s solid value, along with the opportunity to consistently reinvest a solid dividend, make CPTA a possible good addition to a portfolio in need of income.

    The firm’s next ex-dividend date is June 19, so interested investors should buy before then.

    Capitala’s $0.08 dividend payout has remained steady since it was last cut in October 2017.

    https://uk.finance.yahoo.com/news/5-highly-ranked-dividend-stocks-223510601.html
     
  6. Marvan

    Marvan Active Member

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    CHARLOTTE, NC, July 17, 2019 – Capitala Group (“Capitala” or the “Company”), a provider of capital to lower middle market companies, announced today that it has successfully exited Xirgo Technologies, LLC (“Xirgo”) and US Bath Group, LLC (“US Bath”), which does business as MPL Company.

    On June 13, 2019, the Company exited its $15.8 million subordinated debt investment at par in Xirgo, a leading supplier of innovative, high-value M2M communication platforms used to track, monitor, protect and control remote assets. Capitala continues to hold its minority equity investment.

    On June 18, 2019, the Company exited its investment in US Bath, a high-volume, build-to-order manufacturer of engineered composite products primarily for the hotel industry. Proceeds from the exit totaled $16.7 million; $12.4 million for full repayment of its senior secured debt at par, and $4.3 million for its equity investment.

    https://www.capitalagroup.com/news/capitala-group-announces-portfolio-exits
     
  7. Marvan

    Marvan Active Member

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    Capitala Finance Corp. CPTA is scheduled to announce second-quarter 2019 results on Aug 5, after the market closes. Its revenues and earnings are projected to grow year over year.

    In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate. Its results benefited from rise in total investment income, partly offset by higher expenses.

    The company does not have an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in only one of the trailing four quarters.

    https://uk.finance.yahoo.com/news/whats-store-capitala-finance-cpta-105310725.html
     
  8. Marvan

    Marvan Active Member

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    Capitala Finance Corp.’s CPTA second-quarter 2019 net investment income per share of 25 cents was in line with the Zacks Consensus Estimate. The figure was 3.8% lower than the prior-year quarter’s number.

    Results were hurt by lower total investment income. However, a decline in expenses provided some support. The company’s portfolio activity remained strong.

    Total Investment Income Falls, Expenses Decline

    Total investment income amounted to $11.6 million, down 2.5% year over year. This decline was primarily due to a fall in total interest income, fee income and total payment-in-kind interest income. Moreover, the figure missed the Zacks Consensus Estimate of $12.5 million.

    Total expenses decreased 1.1% year over year to $7.6 million. This decline was due to a fall in interest and financing expenses, and management fees.

    Balance Sheet Position

    As of Jun 30, 2019, the company’s cash and cash equivalents totaled $43.5 million, up from $39.3 million as of Dec 31, 2018. Total assets amounted to $437.3 million, down from $493.2 million as of Dec 31, 2018.

    Further, net asset value was $9.55 per share, down from $11.88 at the end of December.

    Portfolio Activities

    During the second quarter, the company originated $13.8 million of new investments. Of this, $13.4 million were debt investments and the remaining was in equity securities.


    https://uk.finance.yahoo.com/news/capitala-finance-cpta-q2-earnings-125112398.html
     
  9. Marvan

    Marvan Active Member

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    Out at 9.10
     
  10. Marvan

    Marvan Active Member

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    In at 8.37
     
  11. Marvan

    Marvan Active Member

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    Third Quarter 2019 Financial Results

    During the third quarter of 2019, the Company originated $13.9 million of new investments, and received $33.2 million of repayments. First lien investments totaled $13.2 million, while second lien investments totaled $0.7 million. The weighted average yield on third quarter investments was 10.6%.

    Total investment income was $10.1 million for the third quarter of 2019, compared to $11.5 million in the third quarter of 2018. Interest and fee income was $2.2 million lower in third quarter of 2019 as compared to 2018, partially offset by an increase of $1.1 million in dividend income for the comparable periods. Dividend income for the third quarter of 2019 included $0.8 million from Micro Precision, LLC and $0.3 million from Capitala Senior Loan Fund II, LLC.

    Total expenses for the third quarter of 2019 were $7.1 million, compared to $7.7 million for the comparable period in 2018. Interest and financing expenses were $0.2 million lower in the third quarter of 2019 as compared to 2018, while base management fees decreased by $0.3 million for the comparable periods.

    Net investment income for the third quarter of 2019 was $3.0 million, or $0.18 per share, compared to $3.9 million, or $0.24 per share, for the same period in 2018.

    Net realized gains were $12 thousand for the third quarter of 2019, compared to $6.3 million of net realized gains for the third quarter of 2018.

    Net unrealized depreciation totaled $1.3 million, or $0.08 per share, for the third quarter of 2019, compared to depreciation of $22.0 million for the third quarter of 2018.

    The net increase in net assets resulting from operations was $1.7 million for the third quarter of 2019, or $0.11 per share, compared to a net decrease of $11.9 million, or $0.74 per share, for the same period in 2018.

    https://finance.yahoo.com/news/capitala-finance-corp-reports-third-213000409.html
     
  12. Marvan

    Marvan Active Member

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    CHARLOTTE, N.C., Jan. 30, 2020 (GLOBE NEWSWIRE) -- Capitala Group (“Capitala”), a provider of capital to lower middle market companies, is pleased to announce its recent investment in Rapid Fire Protection Holdings (“Rapid Fire”), a portfolio company of Boyne Capital.

    Under the agreement, debt and equity capital provided by Capitala Group assisted Rapid Fire in the acquisition of Aegis Fire Systems, Inc. (“Aegis”), a provider of end-to-end fire protection solutions including design, installation, and ongoing service of fire suppression systems to the San Francisco Bay Area and broader Northern California markets.

    Based in Rapid City, South Dakota, Rapid Fire is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems.

    The company focuses on large-scale systems for commercial and government buildings, industrial and special hazard facilities, and multi-family residential properties across the Mountain West region of the U.S.

    Aegis will continue to operate under its current name and branding as part of the Rapid Fire platform, which launched in June 2019. Visit www.rapidfireinc.com and www.aegisfire.com for additional information.

    https://finance.yahoo.com/news/capitala-group-announces-investment-rapid-150510878.html
     
  13. Marvan

    Marvan Active Member

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    Capitala Finance (CPTA) Q4 Earnings & Revenues Lag Estimates

    Capitala Finance Corp.’s CPTA fourth-quarter 2019 net investment income per share of 12 cents missed the Zacks Consensus Estimate of 22 cents. The bottom line was 45.5% lower than the prior-year quarter’s number.

    Results were hurt by lower total investment income. However, a decline in expenses provided some support. The company’s portfolio activity remained strong.

    In2019, net investment income was 81 cents per share, which lagged the consensus estimate of 90 cents and was down 19% year over year.

    https://finance.yahoo.com/news/capitala-finance-cpta-q4-earnings-133601503.html
     
  14. Marvan

    Marvan Active Member

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    Increased my position.
     

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