KCAP Financial Inc(NASDAQ:KCAP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $9.58M. Analysts estimated a revenue of $9.34M. Earnings per share were $0.14. Analysts had estimated an EPS of $0.14.
KCAP Financial Inc (KCAP) made into the market gainers list on Fridays trading session with the shares advancing 0.98% or 0.04 points. Due to strong positive momentum, the stock ended at $4.13, which is also near the day’s high of $4.16. The stock began the session at $4.07 and the volume stood at 53,417 shares. The 52-week high of the shares is $5.48 and the 52 week low is $2.62. The company has a current market capitalization of $153 M and it has 3,71,60,770 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Aug 13, 2015, C Michael Jacobi (director) purchased 5,460 shares at $4.82 per share price.
KCAP Financial Inc. is a non-diversified closed-end investment company. The Company is a business development company. The Company’s principal areas of investments include originating structuring and investing in senior secured term loans mezzanine debt and selected equity securities primarily in privately-held middle market companies which is the debt securities portfolio; investing in wholly owned asset management companies which are the asset manager affiliates and investing in debt and equity securities issued by collateralized loan obligation (CLO) funds managed by its asset manager affiliates or by other asset managers which are CLO fund securities. In its debt securities portfolio its investment objective is to generate current income and to a lesser extent capital appreciation from the investments made by its middle market business in senior secured term loans mezzanine debt and selected equity investments in privately-held middle market companies.