KCAP Financial, Inc. (KCAP) Coverage Initiated by Analysts at Ladenburg Thalmann Financial Services
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.
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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).
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