KCAP Financial, Inc. (KCAP) Announces Quarterly Dividend of $0.10
KCAP Financial, Inc. (NASDAQ:KCAP) announced a quarterly dividend on Thursday, December 14th, Wall Street Journal reports. Investors of record on Friday, January 5th will be paid a dividend of 0.10 per share by the financial services provider on Thursday, January 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.73%. The ex-dividend date is Thursday, January 4th.
Shares of KCAP Financial (NASDAQ:KCAP) opened at $3.41 on Friday. The stock has a market capitalization of $128.82, a PE ratio of 10.15 and a beta of 1.70. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.16 and a quick ratio of 0.16. KCAP Financial has a 1 year low of $3.30 and a 1 year high of $4.12.
KCAP Financial (NASDAQ:KCAP) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). KCAP Financial had a return on equity of 6.54% and a net margin of 7.78%. The company had revenue of $6.25 million for the quarter, compared to analyst estimates of $6.80 million. research analysts anticipate that KCAP Financial will post 0.3 earnings per share for the current year.
A number of research firms have weighed in on KCAP. ValuEngine raised KCAP Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised KCAP Financial from a “sell” rating to a “hold” rating in a research note on Monday. Ladenburg Thalmann Financial Services began coverage on KCAP Financial in a research note on Monday, September 25th. They set a “neutral” rating for the company. 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 Tuesday, October 24th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.75.
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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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