Blackrock Capital Investment (NASDAQ:BKCC) Upgraded to Hold by ValuEngine

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Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, October 30th, ValuEngine reports.

Several other research firms have also issued reports on BKCC. Zacks Investment Research lowered shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. BidaskClub cut shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, August 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $6.08.

Shares of BKCC stock traded up $0.07 during trading hours on Wednesday, hitting $4.94. 221,400 shares of the company were exchanged, compared to its average volume of 331,294. 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 capitalization of $342.12 million, a price-to-earnings ratio of 7.72, a P/E/G ratio of 8.28 and a beta of 0.72. Blackrock Capital Investment has a one year low of $4.58 and a one year high of $6.64. The business’s 50-day simple moving average is $4.86 and its two-hundred day simple moving average is $5.60.

Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $19.96 million for the quarter. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. As a group, analysts anticipate that Blackrock Capital Investment will post 0.6 EPS for the current fiscal year.

In other news, insider James Keenan acquired 50,000 shares of the stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $5.28 per share, for a total transaction of $264,000.00. Following the transaction, the insider now owns 91,000 shares in the company, valued at approximately $480,480. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Large investors have recently modified their holdings of the business. NEXT Financial Group Inc boosted its stake in shares of Blackrock Capital Investment by 8,000.0% during the 3rd quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock valued at $41,000 after buying an additional 8,000 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Blackrock Capital Investment during the 3rd quarter valued at $55,000. Trexquant Investment LP acquired a new stake in shares of Blackrock Capital Investment during the 2nd quarter valued at $61,000. Jane Street Group LLC acquired a new stake in shares of Blackrock Capital Investment in the 2nd quarter valued at $63,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of Blackrock Capital Investment in the 2nd quarter valued at $65,000. 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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