KCAP Financial Inc (NASDAQ:KCAP)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $2.34. KCAP Financial shares last traded at $2.30, with a volume of 65,687 shares changing hands.

The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.64. The stock’s 50 day moving average price is $2.85. The stock has a market capitalization of $85.89 million, a PE ratio of 8.52 and a beta of 0.97.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co raised its holdings in shares of KCAP Financial by 2.6% in the 1st quarter. Diversified Trust Co now owns 270,827 shares of the financial services provider’s stock worth $980,000 after purchasing an additional 6,982 shares in the last quarter. Callodine Capital Management LP increased its stake in KCAP Financial by 52.9% in the 1st quarter. Callodine Capital Management LP now owns 1,724,361 shares of the financial services provider’s stock valued at $6,242,000 after buying an additional 596,953 shares during the period. Alpine Global Management LLC bought a new stake in KCAP Financial in the first quarter worth approximately $52,000. Creative Planning grew its position in KCAP Financial by 20.8% in the first quarter. Creative Planning now owns 34,865 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Legal & General Group Plc grew its position in KCAP Financial by 3.3% in the fourth quarter. Legal & General Group Plc now owns 155,031 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 4,937 shares in the last quarter. Institutional investors and hedge funds own 27.59% of the company’s stock.

KCAP Financial Company Profile (NASDAQ:KCAP)

KCAP Financial, Inc is a business development company specializing in investments in debt securities portfolio, asset manager affiliates, and CLO fund securities. The firm prefers to invest in senior secured term loans, mezzanine debt, and equity securities primarily in privately-held middle market, and buyout companies.

See Also: Liquidity

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