Ladenburg Thalmann Financial Services initiated coverage on shares of KCAP Financial, Inc. (NASDAQ:KCAP) in a report issued on Monday, Marketbeat Ratings reports. The brokerage set a “neutral” rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the company. ValuEngine raised KCAP Financial from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research raised KCAP Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $3.50 price objective on shares of KCAP Financial in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.75.

KCAP Financial (NASDAQ:KCAP) traded up 1.43% during trading on Monday, hitting $3.54. The stock had a trading volume of 107,364 shares. The company has a 50-day moving average of $3.40 and a 200 day moving average of $3.59. KCAP Financial has a 52 week low of $3.30 and a 52 week high of $4.89. The company has a market cap of $130.99 million, a price-to-earnings ratio of 23.60 and a beta of 1.69.

KCAP Financial (NASDAQ:KCAP) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). KCAP Financial had a return on equity of 7.44% and a net margin of 17.53%. The business had revenue of $7.66 million for the quarter, compared to analyst estimates of $7.95 million. On average, equities research analysts anticipate that KCAP Financial will post $0.33 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/25/kcap-financial-inc-kcap-coverage-initiated-by-analysts-at-ladenburg-thalmann-financial-services.html.

A number of institutional investors have recently made changes to their positions in the business. Private Management Group Inc. grew its stake in KCAP Financial by 14.9% in the second quarter. Private Management Group Inc. now owns 1,080,064 shares of the financial services provider’s stock valued at $3,813,000 after acquiring an additional 139,997 shares during the period. UBS Group AG grew its stake in KCAP Financial by 23.1% in the first quarter. UBS Group AG now owns 925,447 shares of the financial services provider’s stock valued at $3,767,000 after acquiring an additional 173,888 shares during the period. Credit Suisse AG acquired a new stake in KCAP Financial in the first quarter valued at approximately $3,352,000. Diversified Trust Co grew its stake in KCAP Financial by 3.0% in the second quarter. Diversified Trust Co now owns 219,655 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 6,319 shares during the period. Finally, Ares Management LLC grew its stake in KCAP Financial by 3.5% in the second quarter. Ares Management LLC now owns 160,322 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 5,487 shares during the period. 20.21% of the stock is owned by hedge funds and other 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).

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.