KCAP Financial, Inc. (KCAP) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of KCAP Financial, Inc. (NASDAQ:KCAP) from a hold rating to a sell rating in a research report sent to investors on Friday, May 19th.

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. “

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a hold rating and set a $4.00 price target on shares of KCAP Financial in a report on Friday, April 28th. BMO Capital Markets reiterated a buy rating and set a $16.00 price target on shares of KCAP Financial in a report on Monday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $8.33.

KCAP Financial (KCAP) traded down 0.29% on Friday, hitting $3.46. 67,577 shares of the stock were exchanged. The company has a market cap of $127.35 million, a P/E ratio of 21.62 and a beta of 1.87. KCAP Financial has a one year low of $3.35 and a one year high of $4.89. The company’s 50 day moving average price is $3.52 and its 200-day moving average price is $3.86.

KCAP Financial (NASDAQ:KCAP) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by $0.01. KCAP Financial had a net margin of 17.96% and a return on equity of 8.59%. The company had revenue of $7.77 million for the quarter, compared to analyst estimates of $8.08 million. Equities research analysts predict that KCAP Financial will post $0.39 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of KCAP. Legal & General Group Plc boosted its stake 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 valued at $346,000 after buying an additional 2,505 shares in the last quarter. Diversified Trust Co boosted its stake in KCAP Financial by 2.9% in the first quarter. Diversified Trust Co now owns 213,336 shares of the financial services provider’s stock valued at $868,000 after buying an additional 5,995 shares in the last quarter. Ares Management LLC boosted its stake 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 valued at $630,000 after buying an additional 6,000 shares in the last quarter. Eagle Global Advisors LLC boosted its stake 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 valued at $241,000 after buying an additional 10,800 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake 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 valued at $650,000 after buying an additional 11,430 shares in the last quarter. 19.55% 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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