Zacks Investment Research downgraded KCAP Financial Inc (NASDAQ:KCAP) to Hold in a statement released earlier today.
- Updated: October 4, 2016
Boasting a price of $4.72, KCAP Financial Inc (NASDAQ:KCAP) traded 1.29% higher on the day. With the last stock price close up 21.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. KCAP Financial Inc has recorded a 50-day average of $4.44 and a two hundred day average of $3.88. Volume of trade was up over the average, with 196,961 shares of KCAP changing hands over the typical 141,651
Zacks Investment Research has downgraded KCAP Financial Inc (NASDAQ:KCAP) to Hold in a statement released on 10/05/2016.
With a total market value of $0, KCAP Financial Inc has with a one year low of $2.62 and a one year high of $5.48 .
A total of 3 equity analysts have released a ratings update on KCAP. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $4.83.
Brief Synopsis About 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, high-yield bonds and other credit instruments.
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