Somewhat Positive News Coverage Somewhat Unlikely to Affect KCAP Financial (KCAP) Stock Price
News stories about KCAP Financial (NASDAQ:KCAP) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KCAP Financial earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 46.889627154731 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of KCAP Financial (KCAP) opened at $3.40 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $126.21, a PE ratio of 9.94 and a beta of 1.70. 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 earnings results on Tuesday, November 7th. The financial services provider reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $6.25 million for the quarter, compared to analysts’ expectations of $6.80 million. KCAP Financial had a return on equity of 6.54% and a net margin of 7.78%. research analysts predict that KCAP Financial will post 0.3 EPS for the current year.
KCAP has been the topic of a number of recent research reports. Zacks Investment Research cut KCAP Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. ValuEngine upgraded shares of KCAP Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Ladenburg Thalmann Financial Services began coverage on shares of KCAP Financial in a report on Monday, September 25th. They set a “neutral” rating for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $3.50 target price on shares of KCAP Financial in a report on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. KCAP Financial currently has an average rating of “Hold” and an average price target of $9.75.
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KCAP Financial Company Profile
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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