The stock of KCAP Financial Inc (NASDAQ:KCAP) is a huge mover today! About 144,152 shares traded hands. KCAP Financial Inc (NASDAQ:KCAP) has risen 60.54% since March 3, 2016 and is uptrending. It has outperformed by 52.19% the S&P500.
The move comes after 5 months positive chart setup for the $181.02 million company. It was reported on Oct, 6 by Barchart.com. We have $9.82 PT which if reached, will make NASDAQ:KCAP worth $190.07 million more.
Analysts await KCAP Financial Inc (NASDAQ:KCAP) to report earnings on November, 2. They expect $0.15 earnings per share, down 16.67% or $0.03 from last year’s $0.18 per share. KCAP’s profit will be $5.67 million for 7.98 P/E if the $0.15 EPS becomes a reality. After $0.14 actual earnings per share reported by KCAP Financial Inc for the previous quarter, Wall Street now forecasts 7.14% EPS growth.
KCAP Financial Inc (NASDAQ:KCAP) Ratings Coverage
Out of 4 analysts covering KCAP Financial (NASDAQ:KCAP), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. KCAP Financial has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of KCAP Financial Inc (NASDAQ:KCAP) has “Neutral” rating given on Wednesday, April 27 by Janney Capital. Wood maintained it with “Market Perform” rating and $6 target price in Monday, August 17 report.
According to Zacks Investment Research, “KCAP Financial Inc. is an internally managed business development company. The Company’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. KCAP Financial Inc., formerly Kohlberg Capital Corp., is based in the New York.”
Another recent and important KCAP Financial Inc (NASDAQ:KCAP) news was published by Finance.Yahoo.com which published an article titled: “KCAP Financial, Inc. Announces Quarterly Distribution” on September 20, 2016.
KCAP Company Profile
KCAP Financial, Inc., incorporated on August 8, 2006, is an internally managed, non-diversified closed-end investment company. The Firm has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt in privately-held middle market companies (the debt securities portfolio). In addition, the Company may invest in the equity securities of privately held middle market companies. Second, the Company invests in asset management companies (the Asset Manager Affiliates) that manage collateralized loan obligation funds (CLO Funds). Third, the Company invests in debt and subordinated securities issued by CLOs (CLO fund securities). These CLO fund securities are managed by its Asset Manager Affiliates, but from time-to-time the Company makes investments in CLO Fund Securities managed by other asset managers. The CLO funds typically invest in syndicated loans, high-yield bonds and other credit instruments. The Firm may also invest in other investments, such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities. The Firm may also receive warrants or options to purchase common stock in connection with its debt investments.
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