KCAP Financial (NASDAQ:KCAP) released its earnings data on Thursday. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.02, American Banking News reports.
Shares of KCAP Financial (NASDAQ:KCAP) remained flat at $8.36 during trading on Thursday. 76,573 shares of the company’s stock traded hands. KCAP Financial has a 1-year low of $7.40 and a 1-year high of $11.48. The stock’s 50-day moving average is $8.65 and its 200-day moving average is $9.75. The company has a market cap of $276.1 million and a P/E ratio of 6.96.
On a related note, analysts at Zacks downgraded shares of KCAP Financial from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, August 28th. They now have a $8.10 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. KCAP Financial currently has a consensus rating of “Hold” and an average price target of $10.27.
KCAP Financial Inc, formerly Kohlberg Capital Corp., is an internally managed business development company.
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