Ladenburg Thalmann Financial Services Inc. lessened its holdings in shares of Kohlberg Capital Co. (NASDAQ:KCAP) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 147,200 shares of the financial services provider’s stock after selling 16,000 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.39% of Kohlberg Capital worth $502,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in KCAP. Macquarie Group Ltd. acquired a new position in Kohlberg Capital during the 3rd quarter worth $125,000. Citadel Advisors LLC boosted its position in Kohlberg Capital by 55.8% during the 3rd quarter. Citadel Advisors LLC now owns 41,545 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 14,879 shares during the period. Ares Management LLC boosted its position in Kohlberg Capital by 8.3% during the 4th quarter. Ares Management LLC now owns 324,778 shares of the financial services provider’s stock worth $1,107,000 after acquiring an additional 25,000 shares during the period. Finally, Private Management Group Inc. boosted its position in Kohlberg Capital by 53.0% during the 4th quarter. Private Management Group Inc. now owns 1,637,110 shares of the financial services provider’s stock worth $5,583,000 after acquiring an additional 566,865 shares during the period. Institutional investors own 23.21% of the company’s stock.
KCAP opened at $3.15 on Friday. Kohlberg Capital Co. has a one year low of $2.91 and a one year high of $4.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market capitalization of $121.40, a PE ratio of 10.50 and a beta of 1.51.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 12.70%. The ex-dividend date of this dividend is Thursday, April 5th. Kohlberg Capital’s dividend payout ratio is presently 133.33%.
Separately, Zacks Investment Research downgraded Kohlberg Capital from a “hold” rating to a “sell” rating in a research note on Thursday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.75.
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Kohlberg Capital Profile
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 companies.
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