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). 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 primarily 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.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:KCAP
- CUSIP: 48668E10
- Web: www.kohlbergcapital.com
- Market Cap: $129.14 million
- Outstanding Shares: 37,002,000
- 50 Day Moving Avg: $3.40
- 200 Day Moving Avg: $3.59
- 52 Week Range: $3.30 - $4.89
Sales & Book Value:
- Trailing P/E Ratio: 23.33
- Foreward P/E Ratio: 8.73
- P/E Growth: 0.70
- Annual Revenue: $32.54 million
- Price / Sales: 3.97
- Book Value: $5.12 per share
- Price / Book: 0.68
- Annual Dividend: $0.48
- Dividend Yield: 13.8%
- Net Margins: 17.53%
- Return on Equity: 7.44%
- Return on Assets: 3.84%
- Debt-to-Equity Ratio: 0.90%
- Current Ratio: 2.01%
- Quick Ratio: 2.01%
- Average Volume: 118,566 shs.
- Beta: 1.69
- Short Ratio: 0.28
Frequently Asked Questions for KCAP Financial (NASDAQ:KCAP)
What is KCAP Financial's stock symbol?
KCAP Financial trades on the NASDAQ under the ticker symbol "KCAP."
How often does KCAP Financial pay dividends? What is the dividend yield for KCAP Financial?
KCAP Financial declared a quarterly dividend on Wednesday, June 21st. Shareholders of record on Friday, July 7th will be paid a dividend of $0.12 per share on Thursday, July 27th. This represents a $0.48 annualized dividend and a yield of 13.75%. The ex-dividend date is Wednesday, July 5th. View KCAP Financial's Dividend History.
How were KCAP Financial's earnings last quarter?
KCAP Financial, Inc. (NASDAQ:KCAP) announced its earnings results on Wednesday, August, 2nd. The company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $7.66 million for the quarter, compared to analyst estimates of $7.95 million. KCAP Financial had a return on equity of 7.44% and a net margin of 17.53%. View KCAP Financial's Earnings History.
When will KCAP Financial make its next earnings announcement?
Where is KCAP Financial's stock going? Where will KCAP Financial's stock price be in 2017?
2 analysts have issued 12-month price objectives for KCAP Financial's shares. Their predictions range from $3.50 to $16.00. On average, they expect KCAP Financial's share price to reach $9.75 in the next twelve months. View Analyst Ratings for KCAP Financial.
Who are some of KCAP Financial's key competitors?
Some companies that are related to KCAP Financial include GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA), Blackrock Taxable Municipal Bond Trust (BBN), Capitala Finance Corp. (CPTA), Carador Income Fund PLC (CIFU), Center Coast MLP & Infrastructure Fund (CEN), Clearbridge Energy MLP Total Return Fund (CTR), Eagle Point Credit Company (ECC), Eaton Vance Floating-Rate Income Trust (EFT) and Eaton Vance Tax Managed Buy Write Opport (ETV).
Who are KCAP Financial's key executives?
KCAP Financial's management team includes the folowing people:
- Christopher Lacovara, Independent Chairman of the Board
- Dayl W. Pearson, President, Chief Executive Officer, Director
- Edward U. Gilpin, Chief Financial Officer, Treasurer, Secretary
- R. Jon Jonathan Corless, Chief Investment Officer
- Daniel P. Gilligan, Interim Chief Compliance Officer, Vice President, Director - Portfolio Administration
- Albert G. Pastino, Lead Independent Director
- Dean C. Kehler, Director
- Charles Michael Jacobi CPA, Independent Director
- C. Turney Stevens, Independent Director
- John A. Ward III, Independent Director
Who owns KCAP Financial stock?
KCAP Financial's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Private Management Group Inc. (2.93%), Confluence Investment Management LLC (0.93%), Diversified Trust Co (0.60%), Ares Management LLC (0.43%), Cue Financial Group Inc. (0.40%) and Advisors Asset Management Inc. (0.38%). View Institutional Ownership Trends for KCAP Financial.
Who sold KCAP Financial stock? Who is selling KCAP Financial stock?
Who bought KCAP Financial stock? Who is buying KCAP Financial stock?
KCAP Financial's stock was acquired by a variety of institutional investors in the last quarter, including Private Management Group Inc., Cue Financial Group Inc., Legal & General Group Plc, Diversified Trust Co, Ares Management LLC and Eagle Global Advisors LLC. View Insider Buying and Selling for KCAP Financial.
How do I buy KCAP Financial stock?
Shares of KCAP Financial can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KCAP Financial's stock price today?
MarketBeat Community Rating for KCAP Financial (NASDAQ KCAP)MarketBeat's community ratings are surveys of what our community members think about KCAP Financial and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of KCAP Financial stock can currently be purchased for approximately $3.49.
Consensus Ratings for KCAP Financial (NASDAQ:KCAP) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$9.75 (179.37% upside)|
Analysts' Ratings History for KCAP Financial (NASDAQ:KCAP)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$3.50||Low|
|5/1/2017||BMO Capital Markets||Reiterated Rating||Buy||$16.00||Low|
|4/27/2016||Janney Montgomery Scott||Reiterated Rating||Hold||N/A|
|12/17/2015||Cantor Fitzgerald||Reiterated Rating||Hold||$4.50||N/A|
Earnings History for KCAP Financial (NASDAQ:KCAP)Earnings History by Quarter for KCAP Financial (NASDAQ KCAP)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$0.10||$0.07||$7.95 million||$7.66 million||View||Listen|
|5/4/2017||Q1 2017||$0.10||$0.09||$8.08 million||$7.77 million||View||Listen|
|11/2/2016||Q3 2016||$0.15||$0.12||$9.90 million||$9.02 million||View||Listen|
|3/9/2016||Q4||$0.17||$0.14||$11.35 million||$10.23 million||View||N/A|
|8/5/2015||Q215||$0.18||$0.16||$11.91 million||$11.17 million||View||Listen|
|5/6/2015||Q115||$0.18||$0.18||$10.80 million||$12.34 million||View||N/A|
|11/5/2014||Q314||$0.25||$0.23||$13.50 million||$13.68 million||View||N/A|
|8/6/2014||Q2||$0.25||$0.24||$13.51 million||$13.22 million||View||Listen|
|5/7/2014||Q1 2014||$0.24||$0.24||$13.26 million||$13.39 million||View||N/A|
Earnings Estimates for KCAP Financial (NASDAQ:KCAP)
Current Year EPS Consensus Estimate: $0.33 EPS
Next Year EPS Consensus Estimate: $0.40 EPS
Current Dividend Information for KCAP Financial (NASDAQ:KCAP)
|Most Recent Dividend:||7/27/2017|
|Payout Ratio:||320.00% (Trailing 12 Months of Earnings) |
145.45% (Based on This Year's Estimates)
120.00% (Based on Next Year's Estimates)
Dividend History by Quarter for KCAP Financial (NASDAQ KCAP)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for KCAP Financial (NASDAQ:KCAP)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for KCAP Financial (NASDAQ:KCAP)
Latest Headlines for KCAP Financial (NASDAQ:KCAP)
|KCAP Financial Prices $17.8 Mln Notes Offering - Nasdaq|
www.nasdaq.com - September 21 at 8:26 AM
|Form 4 KCAP Financial, Inc. For: Sep 19 Filed by: Corless R Jon - StreetInsider.com|
www.streetinsider.com - September 21 at 8:26 AM
|KCAP Financial, Inc. Prices Public Offering of $17.8 Million of Additional 6.125% Notes Due 2022|
finance.yahoo.com - September 19 at 12:44 AM
|KCAP Financial, Inc. Announces Public Offering of Additional 6.125% Notes Due 2022|
finance.yahoo.com - September 18 at 7:42 PM
|Head to Head Contrast: Hercules Capital (HTGC) versus KCAP Financial (KCAP)|
www.americanbankingnews.com - September 6 at 8:38 AM
|KCAP Financial: This 6.125% 'Baby Bond' Starts Trading On Nasdaq|
seekingalpha.com - September 5 at 5:00 PM
|KCAP Financial, Inc. (KCAP) Upgraded at ValuEngine|
www.americanbankingnews.com - September 3 at 12:28 AM
|KCAP Financial (KCAP) versus Fidus Investment Corporation (FDUS) Critical Review|
www.americanbankingnews.com - August 30 at 4:26 PM
|Reviewing Blackrock Taxable Municipal Bond Trust (BBN) & KCAP Financial (NASDAQ:KCAP)|
www.americanbankingnews.com - August 13 at 10:32 PM
|MCG Capital Corp (MCGC) vs. KCAP Financial (NASDAQ:KCAP) Financial Comparison|
www.americanbankingnews.com - August 9 at 12:24 PM
|KCAP Financial, Inc. Prices Public Offering of $50 Million of 6.125% Notes Due 2022 - Nasdaq|
www.nasdaq.com - August 9 at 12:57 AM
|KCAP Financial, Inc. Announces Public Offering of Notes Due 2022 - Nasdaq|
www.nasdaq.com - August 8 at 7:54 PM
|KCAP Financial, Inc. Announces Public Offering of Notes Due 2022|
finance.yahoo.com - August 8 at 7:54 PM
|Critical Survey: KCAP Financial (NASDAQ:KCAP) versus PennantPark Investment Corporation (PNNT)|
www.americanbankingnews.com - August 8 at 12:30 AM
|Fifth Street Senior Floating Rate Corp. (FSFR) versus KCAP Financial (NASDAQ:KCAP) Head-To-Head Contrast|
www.americanbankingnews.com - August 7 at 2:38 PM
|KCAP Financial's (KCAP) CEO Dayl Pearson on Q2 2017 Results - Earnings Call Transcript - Seeking Alpha|
seekingalpha.com - August 6 at 6:37 PM
|BRIEF-KCAP Financial Q2 net investment income $0.07 per basic share|
www.reuters.com - August 3 at 10:56 PM
|Edited Transcript of KCAP earnings conference call or presentation 3-Aug-17 1:00pm GMT|
finance.yahoo.com - August 3 at 10:56 PM
|KCAP Financial posts 2Q profit|
finance.yahoo.com - August 3 at 10:56 PM
|KCAP Financial, Inc. Announces Second Quarter 2017 Financial Results - Nasdaq|
www.nasdaq.com - August 3 at 1:24 AM
|KCAP Financial, Inc. Announces Second Quarter 2017 Financial Results|
finance.yahoo.com - August 3 at 1:24 AM
|Financial Comparison: Solar Senior Capital (SUNS) vs. KCAP Financial (KCAP)|
www.americanbankingnews.com - July 29 at 10:11 AM
|KCAP Financial, Inc. to Report Second Quarter 2017 Financial Results on August 2nd 2017; Conference Call Scheduled|
finance.yahoo.com - July 29 at 12:48 AM
|KCAP Financial Investment Forms JV with Freedom 3, Redeems $148 Mln of Debt|
www.nasdaq.com - July 22 at 5:08 AM
|KCAP Financial (KCAP) Announces Formation of Investment JV with Freedom 3, Redemption of $148M of Debt|
www.streetinsider.com - July 22 at 5:08 AM
|BRIEF-KCAP Financial reports formation of investment JV with Freedom 3|
www.businessinsider.com - July 22 at 5:08 AM
|KCAP Financial's (NASDAQ:KCAP) Hold Rating Reiterated at Keefe, Bruyette & Woods|
www.americanbankingnews.com - July 21 at 6:42 PM
|KCAP Financial, Inc. Announces Formation of Investment Joint Venture with Freedom 3 and Redemption of ... - Nasdaq|
www.nasdaq.com - July 21 at 12:36 AM
|KCAP Financial, Inc. Announces Formation of Investment Joint Venture with Freedom 3 and Redemption of Approximately $148 Million of Debt|
finance.yahoo.com - July 21 at 12:36 AM
|KCAP Financial, Inc. (NASDAQ:KCAP) Raised to Hold at Zacks Investment Research|
www.americanbankingnews.com - July 19 at 12:52 AM
|KCAP Financial, Inc. (KCAP) Ex-Dividend Date Scheduled for July ... - Nasdaq|
www.nasdaq.com - July 4 at 5:43 AM
|Form 4 KCAP Financial, Inc. For: Jun 20 Filed by: Gilpin Edward U - StreetInsider.com|
www.streetinsider.com - June 23 at 6:30 PM
|KCAP Financial (KCAP) & Solar Capital (SLRC) Head to Head Comparison|
www.americanbankingnews.com - June 23 at 8:16 AM
|KCAP Financial, Inc. (KCAP) to Issue Quarterly Dividend of $0.12|
www.americanbankingnews.com - June 21 at 5:38 PM
|Identifying Risk In BDCs - TICC Capital|
seekingalpha.com - June 19 at 5:07 PM
|KCAP Financial Inc (KCAP) Upgraded to Buy at ValuEngine|
www.americanbankingnews.com - June 4 at 10:00 AM
|KCAP Financial Inc (KCAP) Cut to Hold at ValuEngine|
www.americanbankingnews.com - May 21 at 8:38 PM
|Zacks Investment Research Downgrades KCAP Financial Inc (KCAP) to Sell|
www.americanbankingnews.com - May 20 at 12:04 AM
|KCAP Financial Inc (KCAP) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - May 14 at 10:16 AM
|Form 4 KCAP Financial, Inc. For: May 05 Filed by: Gilpin Edward U - StreetInsider.com|
www.streetinsider.com - May 10 at 1:07 PM
|Form 4 KCAP Financial, Inc. For: May 05 Filed by: Corless R Jon - StreetInsider.com|
www.streetinsider.com - May 9 at 12:07 PM
|KCAP Financial Inc (KCAP) Issues Earnings Results, Misses Estimates By $0.01 EPS|
www.americanbankingnews.com - May 9 at 12:16 AM
|KCAP Financial Inc (KCAP) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS|
www.americanbankingnews.com - May 8 at 11:53 PM
|KCAP Financial Inc (KCAP) Releases Earnings Results, Misses Expectations By $0.01 EPS|
www.americanbankingnews.com - May 8 at 10:26 PM
|Edited Transcript of KCAP earnings conference call or presentation 4-May-17 7:00pm GMT|
finance.yahoo.com - May 7 at 6:31 PM
|KCAP Financial, Inc. Announces First Quarter 2017 Financial ... - Nasdaq|
www.nasdaq.com - May 5 at 6:05 PM
|'Skeptical' about Tesla's Model 3 July launch: Analyst - Presented by: The Aol. On Network|
www.nasdaq.com - May 4 at 6:18 PM
|KCAP Financial, Inc. Announces First Quarter 2017 Financial Results|
finance.yahoo.com - May 4 at 6:18 PM
|KCAP Financial posts 1Q profit|
finance.yahoo.com - May 4 at 6:18 PM
|Investor Network: KCAP Financial, Inc. to Host Earnings Call|
finance.yahoo.com - May 4 at 6:18 PM
KCAP Financial (KCAP) Chart for Friday, September, 22, 2017