KCAP Financial Inc. (NASDAQ:KCAP) saw strong trading volume on Monday . 122,176 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 114,257 shares.The stock last traded at $4.16 and had previously closed at $4.13.

A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of KCAP Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. Janney Montgomery Scott reiterated a “hold” rating on shares of KCAP Financial in a research note on Wednesday, April 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. KCAP Financial currently has a consensus rating of “Hold” and a consensus price target of $4.33.

The firm has a 50 day moving average of $4.00 and a 200 day moving average of $3.52. The company’s market capitalization is $152.76 million.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $0.60 annualized dividend and a dividend yield of 14.42%.

An institutional investor recently raised its position in KCAP Financial stock. Morgan Stanley increased its stake in KCAP Financial Inc. (NASDAQ:KCAP) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,565 shares of the company’s stock after buying an additional 95,829 shares during the period. Morgan Stanley owned approximately 0.79% of KCAP Financial worth $1,175,000 as of its most recent filing with the SEC.

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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