KCAP Financial (NASDAQ:KCAP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

According to Zacks, “KCAP Financial Inc. is an internally managed business development company. The Company’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. KCAP Financial Inc., formerly Kohlberg Capital Corp., is based in the New York. “

Other equities analysts have also issued research reports about the company. ValuEngine raised KCAP Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $3.50 price objective on shares of KCAP Financial in a research note on Tuesday, October 24th. Finally, Ladenburg Thalmann Financial Services started coverage on KCAP Financial in a research note on Monday, September 25th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. KCAP Financial presently has a consensus rating of “Hold” and a consensus target price of $9.75.

Shares of KCAP Financial (KCAP) remained flat at $$3.38 during mid-day trading on Friday. 65,139 shares of the company’s stock were exchanged, compared to its average volume of 134,137. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.55. The firm has a market cap of $124.94, a price-to-earnings ratio of 9.94 and a beta of 1.72. KCAP Financial has a 12 month low of $3.30 and a 12 month high of $4.12.

KCAP Financial (NASDAQ:KCAP) last posted its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $6.25 million during the quarter, compared to analyst estimates of $6.80 million. KCAP Financial had a return on equity of 6.54% and a net margin of 7.78%. sell-side analysts anticipate that KCAP Financial will post 0.3 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Private Management Group Inc. raised its position in shares of KCAP Financial by 14.9% during the second quarter. Private Management Group Inc. now owns 1,080,064 shares of the financial services provider’s stock worth $3,813,000 after acquiring an additional 139,997 shares during the last quarter. UBS Group AG raised its position in shares of KCAP Financial by 23.1% during the first quarter. UBS Group AG now owns 925,447 shares of the financial services provider’s stock worth $3,767,000 after acquiring an additional 173,888 shares during the last quarter. Credit Suisse AG bought a new stake in shares of KCAP Financial during the first quarter worth $3,352,000. Franklin Resources Inc. raised its position in shares of KCAP Financial by 4.5% during the first quarter. Franklin Resources Inc. now owns 734,225 shares of the financial services provider’s stock worth $2,643,000 after acquiring an additional 31,647 shares during the last quarter. Finally, Ares Management LLC raised its position in shares of KCAP Financial by 183.7% during the third quarter. Ares Management LLC now owns 325,880 shares of the financial services provider’s stock worth $1,509,000 after acquiring an additional 211,010 shares during the last quarter. Institutional investors own 20.26% of the company’s stock.

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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).

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