KCAP Financial (KCAP) Releases Quarterly Earnings Results, Hits Expectations

KCAP Financial (NASDAQ:KCAP) released its earnings results on Tuesday. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08, Fidelity Earnings reports. The company had revenue of $7.16 million for the quarter. KCAP Financial had a return on equity of 5.90% and a net margin of 13.85%.

Shares of KCAP stock traded down $0.02 on Thursday, hitting $3.06. 385 shares of the company’s stock were exchanged, compared to its average volume of 69,856. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 0.58. KCAP Financial has a 12 month low of $2.91 and a 12 month high of $3.58. The company has a market cap of $115.06 million, a P/E ratio of 10.20 and a beta of 1.39.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 29th. Investors of record on Tuesday, October 9th were given a dividend of $0.10 per share. The ex-dividend date was Friday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 13.07%. KCAP Financial’s dividend payout ratio is currently 133.33%.

KCAP has been the topic of several analyst reports. Keefe, Bruyette & Woods set a $3.00 target price on KCAP Financial and gave the stock a “hold” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded KCAP Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th.

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About KCAP Financial

KCAP Financial, Inc is a business development company specializing in investments in debt securities portfolio, asset manager affiliates, and CLO fund securities. The firm prefers to invest in senior secured term loans, mezzanine debt, and equity securities primarily in privately-held middle market, and buyout companies.

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Earnings History for KCAP Financial (NASDAQ:KCAP)

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