BidaskClub upgraded shares of BlackRock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a research report released on Saturday morning.
Other equities analysts have also issued research reports about the company. ValuEngine upgraded BlackRock Capital Investment from a hold rating to a buy rating in a research note on Wednesday, March 28th. Zacks Investment Research upgraded BlackRock Capital Investment from a sell rating to a hold rating in a research note on Monday, March 12th. Finally, JPMorgan Chase upgraded BlackRock Capital Investment from a neutral rating to an overweight rating and set a $7.50 target price on the stock in a research report on Tuesday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. BlackRock Capital Investment presently has an average rating of Hold and an average price target of $7.42.
NASDAQ BKCC opened at $6.28 on Friday. The stock has a market cap of $467.58, a price-to-earnings ratio of 8.60, a P/E/G ratio of 8.10 and a beta of 0.67. BlackRock Capital Investment has a fifty-two week low of $5.48 and a fifty-two week high of $7.88. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.36.
BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, March 7th. The asset manager reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The business had revenue of $24.40 million during the quarter, compared to analyst estimates of $22.57 million. BlackRock Capital Investment had a return on equity of 9.34% and a net margin of 21.47%. During the same quarter last year, the business posted $0.24 EPS. analysts forecast that BlackRock Capital Investment will post 0.79 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Monday, March 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.46%. The ex-dividend date was Friday, March 16th. BlackRock Capital Investment’s dividend payout ratio (DPR) is presently 98.63%.
In other BlackRock Capital Investment news, Director Meridee Moore bought 125,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were purchased at an average cost of $5.98 per share, for a total transaction of $747,500.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.11% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of BKCC. Northern Trust Corp grew its position in shares of BlackRock Capital Investment by 50.3% during the 2nd quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 5,887 shares during the period. Legal & General Group Plc grew its position in shares of BlackRock Capital Investment by 16.2% during the 3rd quarter. Legal & General Group Plc now owns 215,644 shares of the asset manager’s stock valued at $1,616,000 after acquiring an additional 30,085 shares during the period. Joel Isaacson & Co. LLC acquired a new stake in shares of BlackRock Capital Investment during the 4th quarter valued at about $187,000. LSV Asset Management grew its position in shares of BlackRock Capital Investment by 7.7% during 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. Finally, Cetera Advisors LLC grew its position in shares of BlackRock Capital Investment by 108.4% during the 4th quarter. Cetera Advisors LLC now owns 23,025 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 11,975 shares during the period. Hedge funds and other institutional investors own 33.71% of the company’s stock.
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About BlackRock Capital Investment
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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