Published On: Wed, Oct 19th, 2016

Upgrades And Downgrades For KCAP Financial, Inc. (NASDAQ:KCAP)


Recently stock market analysts have updated their consensus ratings on shares of KCAP Financial, Inc. (NASDAQ:KCAP).

Most recent broker ratings

12/17/2015 – KCAP Financial, Inc. had its “hold” rating reiterated by analysts at Cantor Fitzgerald. They now have a USD 4.5 price target on the stock.

08/17/2015 – KCAP Financial, Inc. had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods. They now have a USD 6 price target on the stock.

07/01/2015 – BMO Capital Markets began new coverage on KCAP Financial, Inc. giving the company a “hold” rating. They now have a USD 6.5 price target on the stock.

05/01/2015 – KCAP Financial, Inc. was downgraded to “strong sell” by analysts at Zacks.

01/09/2014 – National Securities began new coverage on KCAP Financial, Inc. giving the company a “hold” rating. They now have a USD 9 price target on the stock.

12/20/2013 – Guggenheim began new coverage on KCAP Financial, Inc. giving the company a “buy” rating.

11/11/2013 – KCAP Financial, Inc. was downgraded to “neutral” by analysts at Ladenburg Thalmann.

KCAP Financial, Inc. has a 50 day moving average of 4.55 and a 200 day moving average of 3.96. The stock’s market capitalization is 159.74M, it has a 52-week low of 2.62 and a 52-week high of 5.21.

The share price of the company (NASDAQ:KCAP) was up +0.23% during the last trading session, with a high of 4.40 and the volume of KCAP Financial, Inc. shares traded was 86877.

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). In addition, the Company may invest in the equity securities of privately held middle market companies. Second, the Company invests in asset management companies (the Asset Manager Affiliates) that manage collateralized loan obligation funds (CLO Funds). Third, the Company invests in debt and subordinated securities issued by CLOs (CLO fund securities). These CLO fund securities are primarily managed by its Asset Manager Affiliates, but from time-to-time the Company makes investments in CLO Fund Securities managed by other asset managers. The CLO funds typically invest in syndicated loans, high-yield bonds and other credit instruments.