Ladenburg Thalmann Financial Services assumed coverage on shares of KCAP Financial, Inc. (NASDAQ:KCAP) in a research note released on Monday, Marketbeat Ratings reports. The firm issued a neutral rating on the financial services provider’s stock.

Several other research analysts also recently commented on the stock. ValuEngine raised shares of KCAP Financial from a hold rating to a buy rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of KCAP Financial from a sell rating to a hold rating in a report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $3.50 price objective on shares of KCAP Financial in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $9.75.

Shares of KCAP Financial (KCAP) opened at 3.59 on Monday. The company has a market capitalization of $132.84 million, a PE ratio of 23.93 and a beta of 1.69. KCAP Financial has a 52 week low of $3.30 and a 52 week high of $4.89. The company has a 50 day moving average price of $3.40 and a 200 day moving average price of $3.59.

KCAP Financial (NASDAQ:KCAP) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). The business had revenue of $7.66 million during the quarter, compared to the consensus estimate of $7.95 million. KCAP Financial had a return on equity of 7.44% and a net margin of 17.53%. On average, equities research analysts expect that KCAP Financial will post $0.31 earnings per share for the current year.

WARNING: “KCAP Financial, Inc. (KCAP) Earns Neutral Rating from Analysts at Ladenburg Thalmann Financial Services” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/28/kcap-financial-inc-kcap-earns-neutral-rating-from-analysts-at-ladenburg-thalmann-financial-services.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Tuesday, October 10th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 13.33%. The ex-dividend date is Friday, October 6th. KCAP Financial’s dividend payout ratio (DPR) is presently 320.00%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KCAP. Eagle Global Advisors LLC boosted its holdings in KCAP Financial by 2.9% in the 2nd quarter. Eagle Global Advisors LLC now owns 60,881 shares of the financial services provider’s stock worth $215,000 after buying an additional 1,700 shares during the period. Goldman Sachs Group Inc. boosted its holdings in KCAP Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 55,589 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 16,970 shares during the period. Legal & General Group Plc boosted its holdings in KCAP Financial by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 92,703 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 7,303 shares during the period. Cue Financial Group Inc. boosted its holdings in KCAP Financial by 8.2% in the 2nd quarter. Cue Financial Group Inc. now owns 149,700 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 11,300 shares during the period. Finally, Ares Management LLC boosted its holdings in KCAP Financial by 3.5% in the 2nd quarter. Ares Management LLC now owns 160,322 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 5,487 shares during the period. 20.21% of the stock is owned by institutional investors.

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).

Receive News & Ratings for KCAP Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KCAP Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.