Kohlberg Capital Corp. (KCAP, Financial) filed Annual Report for the period ended 2009-12-31.
Kohlberg Capital Corp. has a market cap of $102.4 million; its shares were traded at around $4.69 with a P/E ratio of 2.9 and P/S ratio of 2.1. The dividend yield of Kohlberg Capital Corp. stocks is 14.5%.
We are an internally managed, non-diversified closed-end investment company that has elected to be regulated as 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 (IPO) from affiliates of Kohlberg & Co., LLC (Kohlberg & Co.), a leading private equity firm focused on middle market investing. As of December 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 NAV per share of our common stock at December 31, 2009 was $9.56. On December 31, 2009, the last reported sales price of a share of our common stock on The NASDAQ Global Select Market was $4.56.
Our NAV per share was $9.56 and $9.03 as of December 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 stockholders 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 Corp. has a market cap of $102.4 million; its shares were traded at around $4.69 with a P/E ratio of 2.9 and P/S ratio of 2.1. The dividend yield of Kohlberg Capital Corp. stocks is 14.5%.
Highlight of Business Operations:
The aggregate market value of the voting and non-voting common stock held by non-affiliates of the registrant as of June 30, 2009 was approximately $115 million based upon a closing price of $6.32 reported for such date by The NASDAQ Global Select Market. Common shares held by each executive officer and director and by each person who owns 5% or more of the outstanding common shares have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.We are an internally managed, non-diversified closed-end investment company that has elected to be regulated as 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 (IPO) from affiliates of Kohlberg & Co., LLC (Kohlberg & Co.), a leading private equity firm focused on middle market investing. As of December 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 NAV per share of our common stock at December 31, 2009 was $9.56. On December 31, 2009, the last reported sales price of a share of our common stock on The NASDAQ Global Select Market was $4.56.
Our NAV per share was $9.56 and $9.03 as of December 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 stockholders equity per share for the reporting period. Our NAV is comprised mostly of investment assets less debt and other liabilities:
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