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NYSE | Common Stock
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.
It also invests in debt and subordinated securities issued by CLO Fund Securities.
The firm also makes investments in CLO Fund Securities managed by asset managers.
Its investments under CLO Fund Securities comprises of minority investment in the subordinated securities or preferred stock of CLO Funds raised and managed by firm's Asset Manager Affiliates.
The firm also invests in other investments such as loans to larger, publicly-traded companies, high-yield bonds and distressed debt securities.
It also invests in first and second lien term loans.
The firm also prefers to invest in secured and unsecured subordinated debt.
It also makes acquisitions in businesses complementary to the firm's business.
It primarily invests in healthcare, cargo transport, manufacturing, real estate, educate, automotive, agriculture, aerospace/defence, packaging, electronics, finance, non-durable consumer, utilities, insurance, and food and beverage sectors.
The firm typically invests 1 million to 20 million in its portfolio companies.
It provides senior secured term loans from 2 million to 20 million maturing in five to seven years; second lien term loans from 5 million to 15 million maturing in six to eight years; senior unsecured loans 5 million to 23 million maturing in six to eight years; mezzanine loans from 5 million to 15 million maturing in seven to ten years; and equity investments from 1 to 5 million.
The firm targets the companies with EBITDA between 7.5 million and 50 million.
While investing in debt securities, it invests in those middle market firms with EBITDA between 10 million and 50 million and/or total debt between 25 million and 150 million.
It invests in minority, and majority
| Reported date | EPSChange YoY | EstimateSurprise |
|---|
| Fiscal ending date | RevenueChange YoY | IncomeChange YoY | ProfitChange YoY |
|---|---|---|---|
| Mar 31, 18 | 4.96 M Decreased by -36.17% | 2.61 M Increased by +576.79% | Increased by +52.58% Increased by +960.26% |
| Dec 31, 17 | 29.67 M Increased by +399.38% | 6.58 M Increased by +8.24 K% | Increased by +22.17% Increased by +1.57 K% |
| Sep 30, 17 | 1.29 M - | -5.33 M - | Decreased by -412.42% - |
| Jun 30, 17 | 7.89 M - | 1.75 M - | Increased by +22.19% - |
| Mar 31, 17 | 7.77 M - | 385.55 K - | Increased by +4.96% - |
| Dec 31, 16 | 5.94 M - | 78.87 K - | Increased by +1.33% - |