KCAP Financial, Inc. (KCAP) To Go Ex-Dividend on October 6th
KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Monday, September 25th, Wall Street Journal reports. Stockholders of record on Tuesday, October 10th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, October 26th. This represents a $0.48 annualized dividend and a dividend yield of 12.21%. The ex-dividend date is Friday, October 6th.
Shares of KCAP Financial (NASDAQ KCAP) opened at 3.93 on Thursday. The stock has a market cap of $145.42 million, a P/E ratio of 26.20 and a beta of 1.69. KCAP Financial has a 12-month low of $3.30 and a 12-month high of $4.89. The company’s 50-day moving average is $3.47 and its 200-day moving average is $3.56.
KCAP Financial (NASDAQ:KCAP) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). The company had revenue of $7.66 million for the quarter, compared to the consensus estimate of $7.95 million. KCAP Financial had a net margin of 17.53% and a return on equity of 7.44%. On average, equities research analysts anticipate that KCAP Financial will post $0.31 earnings per share for the current year.
Several equities analysts have issued reports on KCAP shares. ValuEngine upgraded shares of KCAP Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $3.50 target price on shares of KCAP Financial in a research note on Friday, July 21st. Zacks Investment Research upgraded shares of KCAP Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of KCAP Financial in a research note on Monday, September 25th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.75.
About KCAP Financial
KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).
Receive News & Stock Ratings for KCAP Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCAP Financial Inc. and related stocks with our FREE daily email newsletter.