KCAP Financial, Inc. (KCAP) Earns Neutral Rating from Analysts at Ladenburg Thalmann Financial Services
Ladenburg Thalmann Financial Services assumed coverage on shares of KCAP Financial, Inc. (NASDAQ:KCAP) in a research note released on Monday, Marketbeat Ratings reports. The firm issued a neutral rating on the financial services provider’s stock.
Several other research analysts also recently commented on the stock. ValuEngine raised shares of KCAP Financial from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of KCAP Financial from a sell rating to a hold rating in a report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $3.50 price objective on shares of KCAP Financial in a report on Friday, July 21st. One investment 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’s stock. The company presently has an average rating of Hold and an average target price of $9.75.
Shares of KCAP Financial (KCAP) opened at 3.59 on Monday. The company has a market capitalization of $132.84 million, a PE ratio of 23.93 and a beta of 1.69. KCAP Financial has a 52 week low of $3.30 and a 52 week high of $4.89. 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 released 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). The business had revenue of $7.66 million during the quarter, compared to the consensus estimate of $7.95 million. KCAP Financial had a return on equity of 7.44% and a net margin of 17.53%. On average, equities research analysts expect that KCAP Financial will post $0.31 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Tuesday, October 10th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 13.33%. The ex-dividend date is Friday, October 6th. KCAP Financial’s dividend payout ratio (DPR) is presently 320.00%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KCAP. Eagle Global Advisors LLC boosted its holdings in KCAP Financial by 2.9% in the 2nd quarter. Eagle Global Advisors LLC now owns 60,881 shares of the financial services provider’s stock worth $215,000 after buying an additional 1,700 shares during the period. Goldman Sachs Group Inc. boosted its holdings in KCAP Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,589 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 16,970 shares during the period. Legal & General Group Plc boosted its holdings in KCAP Financial by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 92,703 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 7,303 shares during the period. Cue Financial Group Inc. boosted its holdings in KCAP Financial by 8.2% in the 2nd quarter. Cue Financial Group Inc. now owns 149,700 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 11,300 shares during the period. Finally, Ares Management LLC boosted its holdings in KCAP Financial by 3.5% in the 2nd quarter. Ares Management LLC now owns 160,322 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 5,487 shares during the period. 20.21% of the stock is owned by institutional investors.
KCAP Financial Company Profile
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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