KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Monday, September 25th, Wall Street Journal reports. Investors of record on Tuesday, October 10th will be given 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 13.56%. The ex-dividend date is Friday, October 6th.
Shares of KCAP Financial (KCAP) opened at 3.56 on Tuesday. KCAP Financial has a 12-month low of $3.30 and a 12-month high of $4.89. The company has a market capitalization of $131.73 million, a P/E ratio of 23.73 and a beta of 1.69. The company has a 50 day moving average price of $3.40 and a 200 day moving average price of $3.59.
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). KCAP Financial had a return on equity of 7.44% and a net margin of 17.53%. The firm had revenue of $7.66 million for the quarter, compared to analyst estimates of $7.95 million. Equities analysts anticipate that KCAP Financial will post $0.33 EPS for the current year.
Several equities analysts recently issued reports on the company. ValuEngine raised KCAP Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Ladenburg Thalmann Financial Services assumed coverage on KCAP Financial in a research note on Monday. They set a “neutral” rating on the stock. Zacks Investment Research raised KCAP Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $3.50 target price on shares of KCAP Financial in a research note on Friday, July 21st. One equities 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price 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 & 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 companies with MarketBeat.com's FREE daily email newsletter.