KCAP Financial, Inc. (NASDAQ:KCAP)‘s stock had its “hold” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research note issued on Friday. They currently have a $3.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 0.86% from the stock’s previous close.

KCAP has been the subject of a number of other research reports. ValuEngine raised shares of KCAP Financial from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $16.00 price objective on shares of KCAP Financial in a report on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.17.

KCAP Financial (KCAP) traded up 0.29% during midday trading on Friday, hitting $3.47. The stock had a trading volume of 75,290 shares. The firm has a market capitalization of $127.72 million, a P/E ratio of 21.69 and a beta of 1.72. KCAP Financial has a 52-week low of $3.31 and a 52-week high of $4.89. The firm has a 50-day moving average of $3.44 and a 200 day moving average of $3.77.

KCAP Financial (NASDAQ:KCAP) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $7.77 million for the quarter, compared to analyst estimates of $8.08 million. KCAP Financial had a net margin of 17.96% and a return on equity of 8.59%. On average, equities analysts forecast that KCAP Financial will post $0.39 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its position in KCAP Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 55,589 shares of the financial services provider’s stock worth $226,000 after buying an additional 16,970 shares during the last quarter. Eagle Global Advisors LLC boosted its position in KCAP Financial by 22.3% in the first quarter. Eagle Global Advisors LLC now owns 59,181 shares of the financial services provider’s stock worth $241,000 after buying an additional 10,800 shares during the last quarter. Legal & General Group Plc boosted its position in KCAP Financial by 3.0% in the first quarter. Legal & General Group Plc now owns 85,400 shares of the financial services provider’s stock worth $346,000 after buying an additional 2,505 shares during the last quarter. Ares Management LLC boosted its position in KCAP Financial by 4.0% in the first quarter. Ares Management LLC now owns 154,835 shares of the financial services provider’s stock worth $630,000 after buying an additional 6,000 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in KCAP Financial by 7.5% in the fourth quarter. Two Sigma Investments LP now owns 163,199 shares of the financial services provider’s stock worth $650,000 after buying an additional 11,430 shares during the last quarter. 19.61% of the stock is owned by institutional investors.

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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