KCAP Financial Inc (NASDAQ:KCAP) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 19, 2016
Zacks Investment Research has downgraded KCAP Financial Inc(NASDAQ:KCAP) to Hold in a report released on 9/20/2016.
Showing a price of $4.49, KCAP Financial Inc (NASDAQ:KCAP) traded 2.05% higher on the day. The last stock price is up 19.28% relative to the 200-day average, compared with the S&P 500 which has fallen -0.01% over the same time. KCAP Financial Inc has logged a 50-day moving average of $4.26 and 200-day average of $3.76. 181,345 shares of KCAP Financial Inc were exchanged, up from ann avg. volume of 153,131
Recent Performance Graphic:
With a market cap of $0.0, KCAP Financial Inc has a price-earnings of 0 with a one-year low of $2.62 and a one-year high of $5.48.
A total of 3 brokers have issued a ratings update on the stock. Zero rate the company a strong buy, 0 rate the company a buy, four analyts rate the stock a hold, 0 rate the company to underperform, and finally 0 analystsrate the company as sell with a 12-month target of $4.83
General Company Details For KCAP Financial Inc (NASDAQ:KCAP)
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). In addition, the Company may invest in the equity securities of privately held middle market companies. Second, the Company invests in asset management companies (the Asset Manager Affiliates) that manage collateralized loan obligation funds (CLO Funds). Third, the Company invests in debt and subordinated securities issued by CLOs (CLO fund securities). These CLO fund securities are primarily managed by its Asset Manager Affiliates, but from time-to-time the Company makes investments in CLO Fund Securities managed by other asset managers. The CLO funds typically invest in syndicated loans, and high-yield bonds and other credit instruments.
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