According to Zacks, “KCAP Financial Inc. is an internally managed business development company. The Company’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. KCAP Financial Inc., formerly Kohlberg Capital Corp., is based in the New York. “
Separately, TheStreet raised shares of KCAP Financial from a sell rating to a hold rating in a research note on Monday, August 22nd. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and a consensus target price of $4.50.
Shares of KCAP Financial (NASDAQ:KCAP) traded up 0.5487% during midday trading on Wednesday, reaching $4.7459. 44,506 shares of the company traded hands. KCAP Financial has a 12 month low of $2.62 and a 12 month high of $5.23. The stock’s market capitalization is $174.27 million. The company’s 50 day moving average is $4.49 and its 200-day moving average is $3.90.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Friday, October 14th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 12th. This represents a $0.60 annualized dividend and a dividend yield of 12.71%. KCAP Financial’s dividend payout ratio is currently -71.43%.
Large investors have recently added to or reduced their stakes in the company. UBS Group AG boosted its stake in KCAP Financial by 17.1% in the first quarter. UBS Group AG now owns 723,108 shares of the company’s stock valued at $2,603,000 after buying an additional 105,633 shares in the last quarter. Diversified Trust Co boosted its stake in KCAP Financial by 4.0% in the second quarter. Diversified Trust Co now owns 194,003 shares of the company’s stock valued at $760,000 after buying an additional 7,439 shares in the last quarter. Franklin Resources Inc. boosted its stake in KCAP Financial by 4.5% in the first quarter. Franklin Resources Inc. now owns 734,225 shares of the company’s stock valued at $2,643,000 after buying an additional 31,647 shares in the last quarter. KCG Holdings Inc. bought a new stake in KCAP Financial during the second quarter valued at about $105,000. Finally, Nuveen Fund Advisors LLC bought a new stake in KCAP Financial during the second quarter valued at about $366,000. 15.54% of the stock is currently owned by institutional investors.
About KCAP Financial
KCAP Financial, Inc is an internally managed, non-diversified closed-end investment company. The Company has approximately three principal areas of investments. First, the Company originates, structures and invests in senior secured term loans and mezzanine debt primarily in privately-held middle market companies (the debt securities portfolio).
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