Blackrock Capital Investment (NASDAQ:BKCC) Upgraded by Zacks Investment Research to “Hold”

Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Wednesday, January 10th.

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 firms have also issued reports on BKCC. BidaskClub lowered Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Blackrock Capital Investment in a research note on Friday, November 10th. ValuEngine raised Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, JPMorgan Chase & Co. decreased their price target on Blackrock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.42.

Shares of Blackrock Capital Investment (NASDAQ:BKCC) opened at $5.95 on Wednesday. The stock has a market capitalization of $436.10 and a PE ratio of 7.36. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Blackrock Capital Investment has a 1 year low of $5.92 and a 1 year high of $7.89.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, November 8th. The asset manager reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $22.76 million for the quarter, compared to analysts’ expectations of $24.75 million. Blackrock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. analysts forecast that Blackrock Capital Investment will post 0.74 EPS for the current fiscal year.

In related news, Chairman James Keenan purchased 20,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average cost of $6.54 per share, for a total transaction of $130,800.00. Following the acquisition, the chairman now owns 35,182 shares of the company’s stock, valued at approximately $230,090.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was bought at an average price of $6.72 per share, for a total transaction of $336,000.00. Following the completion of the acquisition, the director now directly owns 155,000 shares in the company, valued at approximately $1,041,600. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 87,750 shares of company stock valued at $584,553. 1.34% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. LSV Asset Management increased its holdings in shares of Blackrock Capital Investment by 7.7% in the 4th quarter. LSV Asset Management now owns 2,302,700 shares of the asset manager’s stock valued at $14,345,000 after acquiring an additional 165,500 shares during the period. Joel Isaacson & Co. LLC purchased a new position in Blackrock Capital Investment during the 4th quarter worth $187,000. Fieldpoint Private Securities LLC purchased a new position in Blackrock Capital Investment during the 3rd quarter worth $101,000. Private Advisor Group LLC grew its stake in Blackrock Capital Investment by 21.2% during the 3rd quarter. Private Advisor Group LLC now owns 44,160 shares of the asset manager’s stock worth $329,000 after buying an additional 7,737 shares during the last quarter. Finally, Pinebridge Investments L.P. grew its stake in Blackrock Capital Investment by 46.8% during the 3rd quarter. Pinebridge Investments L.P. now owns 37,399 shares of the asset manager’s stock worth $281,000 after buying an additional 11,931 shares during 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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