KCAP Financial, Inc. (KCAP) Coverage Initiated at Ladenburg Thalmann Financial Services
Equities research analysts at Ladenburg Thalmann Financial Services assumed coverage on shares of KCAP Financial, Inc. (NASDAQ:KCAP) in a research report issued to clients and investors on Monday. The brokerage set a “neutral” rating on the financial services provider’s stock.
Several other equities analysts also recently commented on the company. ValuEngine raised KCAP Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded KCAP Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.50 target price on shares of KCAP Financial in a research report on Friday, July 21st. One 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 currently has a consensus rating of “Hold” and an average price target of $9.75.
KCAP Financial (KCAP) opened at 3.49 on Monday. The company has a 50 day moving average price of $3.40 and a 200-day moving average price 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 capitalization of $129.14 million, a P/E ratio of 23.27 and a beta of 1.69.
KCAP Financial (NASDAQ:KCAP) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). KCAP Financial had a net margin of 17.53% and a return on equity of 7.44%. The business had revenue of $7.66 million during the quarter, compared to the consensus estimate of $7.95 million. On average, equities analysts anticipate that KCAP Financial will post $0.33 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of KCAP. Legal & General Group Plc grew its position in KCAP Financial by 3.0% during 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 in the last quarter. Ares Management LLC grew its position in KCAP Financial by 4.0% during 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 in the last quarter. UBS Group AG grew its position in 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 buying an additional 173,888 shares in the last quarter. Credit Suisse AG acquired a new stake in KCAP Financial during the first quarter worth approximately $3,352,000. Finally, Goldman Sachs Group Inc. grew its position in KCAP Financial by 43.9% during 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 in the last quarter. 20.21% of the stock is currently owned by institutional investors and hedge funds.
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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