Entering text into the input field will update the search result below

Capitala Finance Corp (CPTA) CEO Joe Alala on Q1 2021 Results - Earnings Call Transcript

SA Transcripts profile picture
SA Transcripts

Capitala Finance Corp (CPTA) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET

Company Participants

Joe Alala - Chairman & Chief Executive Officer

Steve Arnall - Chief Financial Officer & Chief Operating Officer

Conference Call Participants


At this time, I would like to welcome everyone to Capitala Finance Corporation’s Conference Call for the Quarter Ended March 31, 2021. All participants are in a listen-only mode. Today's call is being recorded, and a replay will be available approximately three hours after the conclusion of the call on the company's website at www.capitalagroup.com under the Investor Relations section.

The host for today's call are Capitala Finance Corp.'s Chairman and Chief Executive Officer, Joe Alala and Chief Financial Officer and Chief Operating Officer, Steve Arnall. Capitala Finance Corporation issued a press release on May 3, 2021, with details of the company's quarterly financial and operating results. A copy of the press release is available on the company's website.

Please note that this call contains forward-looking statements that provide information other than historical information, including statements regarding the company's goals, beliefs, strategies, future operating results and cash flows. Although the company believes these statements are reasonable, actual results could differ materially from those projected in the forward-looking statements. These statements are based on various underlying assumptions and are subject to numerous uncertainties and risks, including those disclosed under the section titled Risk Factors and Forward-looking Statements in the company's quarterly report on Form 10-Q. Capitala undertakes no obligation to update or revise any forward-looking statements.

At this time, I would like to turn the meeting over to Joe Alala.

Joe Alala

Thank you operator. Good morning and thank you everyone for joining us today. Steve and I have some prepared remarks and will be around the balance of the day to address any

Recommended For You

Comments (6)

hammannja profile picture
$CPTA Additional analysis regarding the upcoming Capitala Shareholder Vote: noticepapers.com/...
hammannja profile picture
For those who haven't given up on the value of shareholder voting, please check out noticepapers.com/...
Flex68 profile picture
A stock that has been struggling for years.

I have long appreciated the premise, but have only ever 'watched' for years....

Not a bad short-termer since end of August 2020, but absolutely terrible since the IPO.

Consistent and continual misses, this one is far from 'investor friendly' , lol
21009961 profile picture
Stockholders------Why would you think Mount Logan Capital, stock symbol: PYCFF can do a good job of management with their wholly-owned subsidiary, Mount Logan Management LLC ("ML Management") ?????? when it looks like they can not even manage what they are doing now profitably for their shareholders?

It was obvious that Capitala Investment Advisors, LLC was not managing for shareholder's benefit and it looks like Capitala is turning over the reins to the same type of management ability.

IMHO the management fee that ML Management will get paid should be based on a tiered advisory fee based on stockholder portfolio performance. This would include stock value plus dividends issued to shareholders, in other words, the shareholder portfolio’s size. This way when the shareholders do well then the advisory management company does well. Pray that BENEFITS to shareholders are restored.
@21009961 They are involved with the management of Portman Financial which has been rolling up other small BDC's. My guess is because of the large discount to NAV they couldn't roll up this one but could do so in the future.

I'm happy with what they have done with PTMN and anything could be better than the value destruction by current management.
21009961 profile picture
@BDHPlayer Thanks for the insight. I agree. They can not do worse than the advisory that CPTA has. However: I think the fees for management need to be changed to become in line with shareholder benefits and not a percentage of assets under management and performance-based fees. These advisors can easily obtain "assets under management", but what if they do not perform profitably, and the shareholders see share prices drop and dividends cut? Such is the case with CPTA.
Fees to outside firms should be transparent and leadership not the same folks.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.