KCAP Financial Inc. (NASDAQ:KCAP) shares were down 1.2% on Wednesday . The company traded as low as $4.01 and last traded at $4.05, with a volume of 59,408 shares changing hands. The stock had previously closed at $4.10.

A number of research analysts have weighed in on KCAP shares. Zacks Investment Research lowered shares of KCAP Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Janney Montgomery Scott reaffirmed a “hold” rating on shares of KCAP Financial in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $3.83.

The firm’s market cap is $149.13 million. The stock’s 50 day moving average price is $3.93 and its 200-day moving average price is $3.46.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 28th. Stockholders of record on Thursday, July 7th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.67%. The ex-dividend date of this dividend was Tuesday, July 5th.

An institutional investor recently raised its position in KCAP Financial stock. Morgan Stanley boosted its stake in shares of KCAP Financial Inc. (NASDAQ:KCAP) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 SEC filing.

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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