ValuEngine upgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a hold rating to a buy rating in a research report sent to investors on Tuesday, ValuEngine reports.
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A number of other analysts have also recently issued reports on BKCC. Zacks Investment Research cut Blackrock Capital Investment from a hold rating to a sell rating in a research note on Wednesday, October 30th. BidaskClub cut Blackrock Capital Investment from a sell rating to a strong sell rating in a research note on Friday, August 16th. Finally, Wells Fargo & Co raised Blackrock Capital Investment from a market perform rating to an outperform rating and set a $5.50 target price for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $6.08.
NASDAQ BKCC opened at $4.94 on Tuesday. The business has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $5.60. Blackrock Capital Investment has a 52-week low of $4.58 and a 52-week high of $6.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $342.12 million, a price-to-earnings ratio of 7.72, a PEG ratio of 8.28 and a beta of 0.72.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Blackrock Capital Investment had a positive return on equity of 9.30% and a negative net margin of 47.38%. The business had revenue of $19.96 million during the quarter. On average, analysts predict that Blackrock Capital Investment will post 0.6 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 18th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.56 dividend on an annualized basis and a yield of 11.34%. Blackrock Capital Investment’s payout ratio is 87.50%.
In other Blackrock Capital Investment news, insider James Keenan purchased 50,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was bought at an average cost of $5.28 per share, with a total value of $264,000.00. Following the purchase, the insider now directly owns 91,000 shares of the company’s stock, valued at $480,480. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of BKCC. Creative Planning grew its stake in shares of Blackrock Capital Investment by 10.3% during the 2nd quarter. Creative Planning now owns 40,110 shares of the asset manager’s stock worth $242,000 after acquiring an additional 3,759 shares in the last quarter. Stelac Advisory Services LLC bought a new position in shares of Blackrock Capital Investment during the 2nd quarter worth approximately $122,000. Aperio Group LLC grew its stake in shares of Blackrock Capital Investment by 18.7% during the 2nd quarter. Aperio Group LLC now owns 51,490 shares of the asset manager’s stock worth $310,000 after acquiring an additional 8,101 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Blackrock Capital Investment by 10.1% during the 2nd quarter. Van ECK Associates Corp now owns 645,564 shares of the asset manager’s stock worth $3,893,000 after acquiring an additional 59,408 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Blackrock Capital Investment during the 2nd quarter worth approximately $61,000. 29.74% of the stock is owned by 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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