News stories about KCAP Financial (NASDAQ:KCAP) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KCAP Financial earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.5250645910781 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.50 price objective on shares of KCAP Financial in a research report on Tuesday. Zacks Investment Research cut shares of KCAP Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. ValuEngine raised shares of KCAP Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Ladenburg Thalmann Financial Services assumed coverage on shares of KCAP Financial in a research report on Monday, September 25th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.75.
Shares of KCAP Financial (NASDAQ:KCAP) traded up 2.65% during midday trading on Friday, reaching $3.49. 178,351 shares of the company’s stock traded hands. The stock has a 50 day moving average of $3.54 and a 200-day moving average of $3.51. KCAP Financial has a 12 month low of $3.30 and a 12 month high of $4.35. The stock has a market cap of $129.14 million, a P/E ratio of 23.27 and a beta of 1.69.
KCAP Financial (NASDAQ:KCAP) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). KCAP Financial had a net margin of 17.53% and a return on equity of 7.44%. The firm had revenue of $7.66 million for the quarter, compared to analysts’ expectations of $7.95 million. On average, equities research analysts forecast that KCAP Financial will post $0.31 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 26th. Stockholders of record on Tuesday, October 10th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 13.75%. The ex-dividend date was Friday, October 6th. KCAP Financial’s dividend payout ratio (DPR) is presently 320.00%.
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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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