KCAP Financial Inc. (KCAP) Plans Quarterly Dividend of $0.15
KCAP Financial Inc. (NASDAQ:KCAP) announced a quarterly dividend on Wednesday, September 21st. Investors 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 yield of 13.02%. The ex-dividend date is Wednesday, October 12th.
Hedge funds have recently modified their holdings of the stock. KCG Holdings Inc. bought a new stake in shares of KCAP Financial during the second quarter valued at about $105,000. Stratos Wealth Partners LTD. acquired a new stake in shares of KCAP Financial during the second quarter worth about $118,000. Nuveen Fund Advisors LLC acquired a new stake in shares of KCAP Financial during the second quarter worth about $366,000. Finally, Franklin Resources Inc. raised its stake 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 during the period. Hedge funds and other institutional investors own 15.54% of the company’s stock.
A number of equities research analysts recently issued reports on KCAP shares. TheStreet raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a research note on Monday, August 22nd. Zacks Investment Research downgraded shares of KCAP Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Five analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $4.50.
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KCAP Financial (NASDAQ:KCAP) traded up 2.22% during midday trading on Wednesday, reaching $4.61. 157,214 shares of the company were exchanged. The firm’s 50 day moving average price is $4.27 and its 200-day moving average price is $3.77. The stock’s market capitalization is $169.28 million. KCAP Financial has a 52 week low of $2.62 and a 52 week high of $5.48.
KCAP Financial Company Profile
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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