Kohlberg Capital Corp. (KCAP, Financial) filed Quarterly Report for the period ended 2009-03-31.
KOHLBERG CAPITAL CORPORATION is a publicly traded internally managed business development company. Kohlberg's middle market investment business originates structures finances and manages a portfolio of term loans mezzanine investments and selected equity securities in middle market companies. Kohlberg's wholly-owned portfolio company Katonah Debt Advisors manages CLO Funds that invest in broadly syndicated corporate term loans high-yield bonds and other credit instruments. Kohlberg's investment objective is to generate current income and capital appreciation primarily from the investments made by its middle market business in senior secured term loans mezzanine debt and selected equity investments in middle market companies. Kohlberg Capital Corp. has a market cap of $90.2 million; its shares were traded at around $4.18 with a P/E ratio of 2.5 and P/S ratio of 1.8. The dividend yield of Kohlberg Capital Corp. stocks is 23%.
Our common stock is traded on The NASDAQ Global Select Market under the symbol “KCAP.” The net asset value per share of our common stock at March 31, 2009 was $11.53. On March 31, 2009, the last reported sale price of a share of our common stock on The NASDAQ Global Select Market was $3.06.
Our net asset value (“NAV”) per share was $11.53 and $11.68 as of March 31, 2009 and December 31, 2008 respectively. As we must report our assets at fair value for each reporting period, NAV also represents the amount of stockholder s equity per share for the reporting period. Our NAV is comprised mostly of investment assets less debt and other liabilities:
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KOHLBERG CAPITAL CORPORATION is a publicly traded internally managed business development company. Kohlberg's middle market investment business originates structures finances and manages a portfolio of term loans mezzanine investments and selected equity securities in middle market companies. Kohlberg's wholly-owned portfolio company Katonah Debt Advisors manages CLO Funds that invest in broadly syndicated corporate term loans high-yield bonds and other credit instruments. Kohlberg's investment objective is to generate current income and capital appreciation primarily from the investments made by its middle market business in senior secured term loans mezzanine debt and selected equity investments in middle market companies. Kohlberg Capital Corp. has a market cap of $90.2 million; its shares were traded at around $4.18 with a P/E ratio of 2.5 and P/S ratio of 1.8. The dividend yield of Kohlberg Capital Corp. stocks is 23%.
Highlight of Business Operations:
We are an internally managed, non-diversified closed-end investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). We originate, structure and invest in senior secured term loans, mezzanine debt and selected equity securities primarily in privately-held middle market companies. We define the middle market as comprising companies with earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA,” of $10 million to $50 million and/or total debt of $25 million to $150 million. In addition to our middle market investment business, our wholly-owned portfolio company, Katonah Debt Advisors and its affiliates (collectively, “Katonah Debt Advisors”), manage collateralized loan obligation funds (“CLO Funds”) that invest in broadly syndicated loans, high-yield bonds and other corporate credit instruments. We acquired Katonah Debt Advisors and certain related assets prior to our initial public offering from affiliates of Kohlberg & Co., LLC (“Kohlberg & Co.”), a leading private equity firm focused on middle market investing. As of March 31, 2009, Katonah Debt Advisors had approximately $2.1 billion of assets under management.Our common stock is traded on The NASDAQ Global Select Market under the symbol “KCAP.” The net asset value per share of our common stock at March 31, 2009 was $11.53. On March 31, 2009, the last reported sale price of a share of our common stock on The NASDAQ Global Select Market was $3.06.
Our net asset value (“NAV”) per share was $11.53 and $11.68 as of March 31, 2009 and December 31, 2008 respectively. As we must report our assets at fair value for each reporting period, NAV also represents the amount of stockholder s equity per share for the reporting period. Our NAV is comprised mostly of investment assets less debt and other liabilities:
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