BidaskClub downgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a sell rating to a strong sell rating in a report published on Tuesday, January 9th.
Other equities research analysts have also issued reports about the company. Zacks Investment Research upgraded Blackrock Capital Investment from a strong sell rating to a hold rating in a report on Tuesday, October 3rd. ValuEngine raised Blackrock Capital Investment from a hold rating to a buy rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $8.00 price target on Blackrock Capital Investment and gave the stock a hold rating in a research report on Thursday, October 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Blackrock Capital Investment from $8.00 to $7.50 and set a neutral rating on the stock in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $7.42.
Shares of Blackrock Capital Investment (NASDAQ BKCC) traded down $0.02 during midday trading on Tuesday, reaching $5.96. The company’s stock had a trading volume of 389,730 shares, compared to its average volume of 423,792. Blackrock Capital Investment has a 12-month low of $5.95 and a 12-month high of $7.89. The firm has a market cap of $440.49, a price-to-earnings ratio of 21.29, a PEG ratio of 8.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.77 and a quick ratio of 0.77.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, November 8th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The firm had revenue of $22.76 million for the quarter, compared to analyst estimates of $24.75 million. Blackrock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The firm’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. equities research analysts forecast that Blackrock Capital Investment will post 0.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 12.08%. The ex-dividend date of this dividend was Monday, December 18th. Blackrock Capital Investment’s dividend payout ratio (DPR) is 257.14%.
In other Blackrock Capital Investment news, Chairman James Keenan acquired 20,000 shares of Blackrock Capital Investment stock in a transaction on Friday, December 1st. The shares were bought at an average price of $6.54 per share, with a total value of $130,800.00. Following the completion of the purchase, the chairman now owns 35,182 shares in the company, valued at $230,090.28. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark S. Lies purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $6.72 per share, for a total transaction of $336,000.00. Following the purchase, the director now directly owns 155,000 shares of the company’s stock, valued at $1,041,600. The disclosure for this purchase can be found here. Insiders acquired 87,750 shares of company stock worth $584,553 over the last quarter. Company insiders own 1.34% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKCC. Legal & General Group Plc increased its holdings in Blackrock Capital Investment by 8.4% in the second quarter. Legal & General Group Plc now owns 185,559 shares of the asset manager’s stock valued at $1,393,000 after purchasing an additional 14,410 shares during the last quarter. Airain ltd bought a new stake in Blackrock Capital Investment in the second quarter valued at about $123,000. LSV Asset Management increased its holdings in Blackrock Capital Investment by 2.1% in the second quarter. LSV Asset Management now owns 1,632,384 shares of the asset manager’s stock valued at $12,226,000 after purchasing an additional 33,724 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Blackrock Capital Investment by 11.7% in the second quarter. Private Advisor Group LLC now owns 36,423 shares of the asset manager’s stock worth $277,000 after acquiring an additional 3,824 shares in the last quarter. Finally, CIBC World Markets Inc. increased its holdings in shares of Blackrock Capital Investment by 137.4% in the second quarter. CIBC World Markets Inc. now owns 34,166 shares of the asset manager’s stock worth $256,000 after acquiring an additional 19,774 shares in the last quarter. Institutional investors and hedge funds own 31.01% of the company’s stock.
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Blackrock Capital Investment Company Profile
BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
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