KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Wednesday, June 21st, Wall Street Journal reports. Shareholders of record on Friday, July 7th will be paid a dividend of 0.12 per share by the financial services provider on Thursday, July 27th. This represents a $0.48 annualized dividend and a yield of 13.71%. The ex-dividend date of this dividend is Wednesday, July 5th.
KCAP Financial (KCAP) traded down 0.28% during mid-day trading on Friday, hitting $3.50. 102,843 shares of the stock traded hands. The company’s 50 day moving average price is $3.46 and its 200-day moving average price is $3.75. The stock has a market cap of $128.82 million, a price-to-earnings ratio of 21.88 and a beta of 1.72. KCAP Financial has a 1-year low of $3.31 and a 1-year high of $4.89.
KCAP Financial (NASDAQ:KCAP) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. KCAP Financial had a net margin of 17.96% and a return on equity of 8.59%. The business had revenue of $7.77 million during the quarter, compared to analysts’ expectations of $8.08 million. Analysts predict that KCAP Financial will post $0.36 earnings per share for the current year.
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Several research analysts have commented on the stock. Zacks Investment Research raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. ValuEngine upgraded shares of KCAP Financial from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated a “hold” rating and set a $3.50 price objective on shares of KCAP Financial in a report on Friday, July 21st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $16.00 target price on shares of KCAP Financial in a research report on Monday, May 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.17.
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).
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