Blackrock Capital Investment (BKCC) Lowered to Sell at BidaskClub

Blackrock Capital Investment (NASDAQ:BKCC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts also recently commented on the stock. ValuEngine raised shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Finally, Wells Fargo & Co lowered their target price on shares of Blackrock Capital Investment from $7.00 to $6.00 and set a “market perform” rating on the stock in a report on Thursday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $7.06.

BKCC stock opened at $5.67 on Friday. Blackrock Capital Investment has a one year low of $5.48 and a one year high of $7.49. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $404.08 million, a PE ratio of 7.77, a P/E/G ratio of 8.75 and a beta of 0.65.

Blackrock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, August 1st. The asset manager reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Blackrock Capital Investment had a positive return on equity of 8.89% and a negative net margin of 8.00%. The company had revenue of $21.31 million during the quarter, compared to analysts’ expectations of $22.87 million. On average, equities research analysts predict that Blackrock Capital Investment will post 0.65 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new position in shares of Blackrock Capital Investment in the first quarter worth $117,000. Centaurus Financial Inc. purchased a new position in shares of Blackrock Capital Investment in the second quarter worth $127,000. Advisors Asset Management Inc. lifted its holdings in shares of Blackrock Capital Investment by 43.5% in the second quarter. Advisors Asset Management Inc. now owns 48,491 shares of the asset manager’s stock worth $283,000 after buying an additional 14,706 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of Blackrock Capital Investment by 83.5% in the second quarter. Aperio Group LLC now owns 61,439 shares of the asset manager’s stock worth $358,000 after buying an additional 27,954 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of Blackrock Capital Investment in the second quarter worth $761,000. 34.24% of the stock is currently owned by hedge funds and other institutional investors.

Blackrock Capital Investment Company Profile

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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