KCAP Financial Inc (KCAP) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of KCAP Financial Inc (NASDAQ:KCAP) from a hold rating to a buy rating in a report released on Friday.

Other analysts have also issued research reports about the company. BMO Capital Markets restated a buy rating and set a $16.00 target price on shares of KCAP Financial in a report on Monday, May 1st. Keefe, Bruyette & Woods restated a hold rating and set a $4.00 target price on shares of KCAP Financial in a report on Friday, April 28th. Finally, Zacks Investment Research upgraded KCAP Financial from a sell rating to a hold rating in a report on Thursday, April 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. KCAP Financial has a consensus rating of Hold and a consensus target price of $8.33.

Shares of KCAP Financial (NASDAQ KCAP) traded up 0.59% on Friday, reaching $3.42. The company’s stock had a trading volume of 93,353 shares. The firm has a market capitalization of $125.88 million, a PE ratio of 21.38 and a beta of 1.77. KCAP Financial has a one year low of $3.35 and a one year high of $4.89. The firm has a 50-day moving average price of $3.59 and a 200 day moving average price of $3.89.

KCAP Financial (NASDAQ:KCAP) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $7.77 million for the quarter, compared to analysts’ expectations of $8.08 million. KCAP Financial had a positive return on equity of 9.57% and a negative net margin of 32.88%. On average, analysts anticipate that KCAP Financial will post $0.39 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of KCAP. Goldman Sachs Group Inc. raised its stake in shares of KCAP Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 55,589 shares of the financial services provider’s stock valued at $226,000 after buying an additional 16,970 shares in the last quarter. Credit Suisse AG acquired a new stake in shares of KCAP Financial during the first quarter valued at approximately $3,352,000. UBS Group AG raised its stake in shares of KCAP Financial by 23.1% in the first quarter. UBS Group AG now owns 925,447 shares of the financial services provider’s stock valued at $3,767,000 after buying an additional 173,888 shares in the last quarter. Ares Management LLC raised its stake in shares of KCAP Financial by 4.0% in the first quarter. Ares Management LLC now owns 154,835 shares of the financial services provider’s stock valued at $630,000 after buying an additional 6,000 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of KCAP Financial by 3.0% in the first quarter. Legal & General Group Plc now owns 85,400 shares of the financial services provider’s stock valued at $346,000 after buying an additional 2,505 shares in the last quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.

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).

To view ValuEngine’s full report, visit ValuEngine’s official website.

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