KCAP Financial Inc. (NASDAQ:KCAP) declared a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, October 14th will be given a dividend of 0.15 per share on Thursday, October 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.71%. The ex-dividend date of this dividend is Wednesday, October 12th.
KCAP Financial (NASDAQ:KCAP) opened at 4.72 on Tuesday. The stock’s market cap is $173.32 million. The firm has a 50 day moving average of $4.50 and a 200-day moving average of $3.92. KCAP Financial has a 52-week low of $2.62 and a 52-week high of $5.21.
Several institutional investors have recently modified their holdings of KCAP. Franklin Resources Inc. raised its position in shares of KCAP Financial by 4.2% in the second quarter. Franklin Resources Inc. now owns 764,988 shares of the company’s stock worth $2,999,000 after buying an additional 30,763 shares in the last quarter. Nuveen Fund Advisors LLC bought a new position in shares of KCAP Financial during the second quarter worth $366,000. Stratos Wealth Partners LTD. bought a new position in shares of KCAP Financial during the second quarter worth $118,000. Finally, KCG Holdings Inc. bought a new position in shares of KCAP Financial during the second quarter worth $105,000. Hedge funds and other institutional investors own 15.54% of the company’s stock.
A number of brokerages have recently issued reports on KCAP. Zacks Investment Research raised shares of KCAP Financial from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Tuesday, August 9th. TheStreet raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $4.50.
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).
Receive News & Ratings for KCAP Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCAP Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.