Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday, September 17th.
According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. “
Several other research analysts have also recently weighed in on BKCC. BidaskClub cut Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Tuesday, July 3rd. ValuEngine raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Blackrock Capital Investment has a consensus rating of “Hold” and an average price target of $7.06.
Shares of NASDAQ:BKCC traded down $0.03 during mid-day trading on Monday, hitting $5.77. 445,057 shares of the company traded hands, compared to its average volume of 354,393. The stock has a market cap of $418.99 million, a price-to-earnings ratio of 7.90, a PEG ratio of 9.08 and a beta of 0.65. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. Blackrock Capital Investment has a 12-month low of $5.48 and a 12-month high of $7.49.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its earnings results on Wednesday, August 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). The company had revenue of $21.31 million for the quarter, compared to analysts’ expectations of $22.87 million. Blackrock Capital Investment had a negative net margin of 8.00% and a positive return on equity of 8.89%. As a group, equities research analysts expect that Blackrock Capital Investment will post 0.65 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the business. WealthPLAN Partners LLC purchased a new position in Blackrock Capital Investment in the first quarter worth $104,000. Great West Life Assurance Co. Can purchased a new position in Blackrock Capital Investment in the first quarter worth $117,000. Centaurus Financial Inc. purchased a new position in Blackrock Capital Investment in the second quarter worth $127,000. HRT Financial LLC purchased a new position in Blackrock Capital Investment in the first quarter worth $149,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Blackrock Capital Investment in the first quarter worth $160,000. 34.08% of the stock is currently owned by institutional investors and hedge funds.
About Blackrock Capital Investment
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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