Stock Mover of the Day: Could KCAP Financial Inc Change Direction After Today’s Big Decline?

Stock Mover of the Day: Could KCAP Financial Inc Change Direction After Today's Big Decline?

The stock of KCAP Financial Inc (NASDAQ:KCAP) is a huge mover today! About 126,052 shares traded hands. KCAP Financial Inc (NASDAQ:KCAP) has risen 48.73% since March 9, 2016 and is uptrending. It has outperformed by 41.31% the S&P500.
The move comes after 6 months negative chart setup for the $166.55M company. It was reported on Oct, 12 by Barchart.com. We have $3.90 PT which if reached, will make NASDAQ:KCAP worth $23.32M less.

Analysts await KCAP Financial Inc (NASDAQ:KCAP) to report earnings on November, 2. They expect $0.15 EPS, down 16.67% or $0.03 from last year’s $0.18 per share. KCAP’s profit will be $5.51M for 7.55 P/E if the $0.15 EPS becomes a reality. After $0.14 actual EPS 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. As per Monday, August 17, the company rating was maintained by Wood. The firm has “Neutral” rating given on Wednesday, April 27 by Janney Capital.

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.”

More news for KCAP Financial Inc (NASDAQ:KCAP) were recently published by: Nasdaq.com, which released: “KCAP Financial, Inc. (KCAP) Ex-Dividend Date Scheduled for October 12, 2016” on October 11, 2016. Globenewswire.com‘s article titled: “KCAP Financial, Inc. Announces Second Quarter 2016 Financial Results” and published on August 03, 2016 is yet another important article.

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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