Buy KCAP Financial (NYSE: KCAP) | Investors Alley

Buy KCAP Financial (NYSE: KCAP)

Today, January 16th, I am recommending a trade entry for KCAP Financial Inc (Nasdaq: KCAP). KCAP is a BDC that I track for quarterly between ex-dividend date swings. The KCAP share price is now about 3% below the price on its last ex-dividend date and 14% below the peak price before the last ex-dividend date.

KCAP will go ex-dividend again at the end of March. The target gain is 7.5% from today’s closing price and before the next ex-dividend date.

Recommendation: buy KCAP today, January 16 or on any near term price dips up to $6.75 per share.

Target price: $7.25.

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