BlackRock Capital Investment (NASDAQ:BKCC) Lifted to Hold at Zacks Investment Research

BlackRock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

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. “

Separately, TheStreet raised shares of BlackRock Capital Investment from a “d+” rating to a “c-” rating in a report on Thursday, April 1st.

Shares of BKCC stock traded down $0.05 on Tuesday, reaching $3.99. The stock had a trading volume of 331,111 shares, compared to its average volume of 405,718. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.00. The firm’s 50-day moving average is $3.58 and its two-hundred day moving average is $3.07. The firm has a market capitalization of $295.87 million, a price-to-earnings ratio of -2.39 and a beta of 1.73. BlackRock Capital Investment has a 12 month low of $2.17 and a 12 month high of $4.06.

BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, April 28th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. BlackRock Capital Investment had a negative net margin of 160.86% and a positive return on equity of 10.19%. On average, sell-side analysts forecast that BlackRock Capital Investment will post 0.48 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in BKCC. Virtu Financial LLC acquired a new position in shares of BlackRock Capital Investment during the 3rd quarter worth approximately $32,000. Ancora Advisors LLC acquired a new position in shares of BlackRock Capital Investment during the 4th quarter worth approximately $36,000. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of BlackRock Capital Investment during the 1st quarter worth approximately $40,000. DCM Advisors LLC acquired a new position in shares of BlackRock Capital Investment during the 4th quarter worth approximately $50,000. Finally, MTM Investment Management LLC acquired a new position in shares of BlackRock Capital Investment during the 1st quarter worth approximately $52,000. Hedge funds and other institutional investors own 29.20% of the company’s stock.

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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