Analysts Set Blackrock Capital Investment Corp (BKCC) Target Price at $6.83

Shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $6.33.

Several research firms recently weighed in on BKCC. Zacks Investment Research upgraded Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. ValuEngine upgraded Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. JPMorgan Chase & Co. downgraded Blackrock Capital Investment from an “overweight” rating to a “neutral” rating and set a $6.00 target price on the stock. in a research note on Monday. BidaskClub downgraded Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Finally, Wells Fargo & Co cut their target price on Blackrock Capital Investment from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Thursday, October 4th.

Institutional investors and hedge funds have recently modified their holdings of the business. LSV Asset Management boosted its stake in Blackrock Capital Investment by 6.5% during the 2nd quarter. LSV Asset Management now owns 2,498,600 shares of the asset manager’s stock valued at $14,566,000 after purchasing an additional 152,500 shares during the last quarter. Resource America Inc. boosted its stake in Blackrock Capital Investment by 23.8% during the 2nd quarter. Resource America Inc. now owns 426,738 shares of the asset manager’s stock valued at $2,488,000 after purchasing an additional 82,000 shares during the last quarter. Legal & General Group Plc boosted its stake in Blackrock Capital Investment by 23.9% during the 1st quarter. Legal & General Group Plc now owns 273,610 shares of the asset manager’s stock valued at $1,651,000 after purchasing an additional 52,797 shares during the last quarter. Aviance Capital Partners LLC boosted its stake in Blackrock Capital Investment by 5.2% during the 2nd quarter. Aviance Capital Partners LLC now owns 336,431 shares of the asset manager’s stock valued at $1,961,000 after purchasing an additional 16,551 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in Blackrock Capital Investment during the 1st quarter valued at $2,099,000. Institutional investors and hedge funds own 35.41% of the company’s stock.

Shares of Blackrock Capital Investment stock traded down $0.13 during midday trading on Monday, hitting $5.93. The company had a trading volume of 372,980 shares, compared to its average volume of 352,877. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $422.59 million, a P/E ratio of 8.12, a PEG ratio of 9.62 and a beta of 0.64. Blackrock Capital Investment has a 52-week low of $5.48 and a 52-week high of $7.19.

Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, October 31st. The asset manager reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $21.01 million for the quarter, compared to the consensus estimate of $21.30 million. Blackrock Capital Investment had a return on equity of 9.10% and a net margin of 30.39%. As a group, equities analysts expect that Blackrock Capital Investment will post 0.63 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 8th. Shareholders of record on Tuesday, December 18th will be paid a dividend of $0.18 per share. The ex-dividend date is Monday, December 17th. This represents a $0.72 annualized dividend and a yield of 12.14%. Blackrock Capital Investment’s dividend payout ratio is 98.63%.

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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