KCAP Financial, Inc. (KCAP) Reaches $3.13 1 Year Low; Bridgeway Capital Management Increased Atlantic Coast Finl (ACFC) Position

February 13, 2018 - By Peter Erickson

Bridgeway Capital Management Inc increased Atlantic Coast Finl Corp (ACFC) stake by 85.15% reported in 2017Q3 SEC filing. Bridgeway Capital Management Inc acquired 67,400 shares as Atlantic Coast Finl Corp (ACFC)’s stock rose 2.62%. The Bridgeway Capital Management Inc holds 146,550 shares with $1.29 million value, up from 79,150 last quarter. Atlantic Coast Finl Corp now has $157.39M valuation. The stock increased 0.20% or $0.02 during the last trading session, reaching $10.19. About 6,064 shares traded. Atlantic Coast Financial Corporation (NASDAQ:ACFC) has risen 25.44% since February 13, 2017 and is uptrending. It has outperformed by 8.74% the S&P500.

The stock of KCAP Financial, Inc. (NASDAQ:KCAP) hit a new 52-week low and has $3.00 target or 4.00% below today’s $3.13 share price. The 9 months bearish chart indicates high risk for the $116.81 million company. The 1-year low was reported on Feb, 13 by Barchart.com. If the $3.00 price target is reached, the company will be worth $4.67 million less. The stock decreased 1.57% or $0.05 during the last trading session, reaching $3.13. About 228,978 shares traded or 67.76% up from the average. KCAP Financial, Inc. (NASDAQ:KCAP) has risen 4.78% since February 13, 2017 and is uptrending. It has underperformed by 11.92% the S&P500.

Investors sentiment increased to 3 in Q3 2017. Its up 2.08, from 0.92 in 2017Q2. It increased, as 3 investors sold ACFC shares while 3 reduced holdings. 9 funds opened positions while 9 raised stakes. 8.70 million shares or 15.47% more from 7.54 million shares in 2017Q2 were reported. Virtu Fincl Ltd Co owns 15,117 shares for 0% of their portfolio. California Pub Employees Retirement System reported 0% of its portfolio in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Ejf Capital Lc holds 1.02% or 1.11M shares in its portfolio. Renaissance Limited Liability Corp stated it has 0% in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Ancora Advsrs Limited Liability Co has invested 0.03% of its portfolio in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Kennedy Cap Mgmt Inc reported 0.08% of its portfolio in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Alliancebernstein Ltd Partnership has invested 0% in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Jpmorgan Chase And Communication reported 223 shares. Blackrock reported 0% of its portfolio in Atlantic Coast Financial Corporation (NASDAQ:ACFC). Deutsche National Bank & Trust Ag reported 39,100 shares stake. Wells Fargo And Mn accumulated 5,493 shares. Fj Capital Management Lc holds 1.53M shares or 1.64% of its portfolio. Vanguard Grp Inc holds 0% of its portfolio in Atlantic Coast Financial Corporation (NASDAQ:ACFC) for 430,249 shares. Rmb Capital Management Limited Liability owns 835,547 shares. Salem Counselors reported 107,400 shares stake.

Bridgeway Capital Management Inc decreased Spirit Aerosystems Hldgs Inc (NYSE:SPR) stake by 16,500 shares to 866,370 valued at $67.33 million in 2017Q3. It also reduced Discover Finl Svcs (NYSE:DFS) stake by 65,300 shares and now owns 723,467 shares. Valero Energy Corp New (NYSE:VLO) was reduced too.

Among 6 analysts covering KCAP Financial (NASDAQ:KCAP), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. KCAP Financial has $6 highest and $3.5 lowest target. $5.38’s average target is 71.88% above currents $3.13 stock price. KCAP Financial had 7 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of KCAP Financial, Inc. (NASDAQ:KCAP) has “Neutral” rating given on Wednesday, April 27 by Janney Capital. The rating was maintained by Keefe Bruyette & Woods on Thursday, July 20 with “Hold”. The firm earned “Hold” rating on Sunday, October 22 by Keefe Bruyette & Woods. The stock of KCAP Financial, Inc. (NASDAQ:KCAP) earned “Market Perform” rating by Wood on Monday, August 17.

KCAP Financial, Inc. is a business development firm specializing in investments in debt securities portfolio, asset manager affiliates, and CLO fund securities. The company has market cap of $116.81 million. The firm prefers to invest in senior secured term loans, mezzanine debt, and equity securities primarily in privately-held middle market companies. It has a 52.17 P/E ratio. It also invests in debt and subordinated securities issued by CLO Fund Securities.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: