Shares of KCAP Financial Inc. (NASDAQ:KCAP) were up 1.7% during mid-day trading on Monday . The stock traded as high as $4.14 and last traded at $4.13, with a volume of 100,599 shares. The stock had previously closed at $4.06.

A number of analysts have weighed in on KCAP shares. Zacks Investment Research raised shares of KCAP Financial from a “sell” rating to a “hold” rating in a report on Tuesday, May 17th. Janney Montgomery Scott reissued a “hold” rating on shares of KCAP Financial in a report on Wednesday, April 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $3.83.

The company’s market capitalization is $149.13 million. The firm’s 50 day moving average price is $3.84 and its 200 day moving average price is $3.43.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.67%.

An institutional investor recently raised its position in KCAP Financial stock. Morgan Stanley raised its position in shares of KCAP Financial Inc. (NASDAQ:KCAP) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,565 shares of the company’s stock after buying an additional 95,829 shares during the period. Morgan Stanley owned 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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