Zacks Investment Research downgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a hold rating to a sell rating in a report issued on Tuesday morning.
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. “
Several other equities analysts have also issued reports on BKCC. BidaskClub lowered shares of Blackrock Capital Investment from a buy rating to a hold rating in a report on Saturday, December 1st. ValuEngine raised shares of Blackrock Capital Investment from a sell rating to a hold rating in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. lowered shares of Blackrock Capital Investment from an overweight rating to a neutral rating and set a $6.00 price objective on the stock. in a report on Monday, November 5th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $6.00.
Shares of BKCC stock opened at $6.25 on Tuesday. The company has a market cap of $460.25 million, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 9.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.81. Blackrock Capital Investment has a 52-week low of $5.06 and a 52-week high of $6.64.
Hedge funds have recently modified their holdings of the stock. Joel Isaacson & Co. LLC increased its holdings in Blackrock Capital Investment by 110.0% during the fourth quarter. Joel Isaacson & Co. LLC now owns 84,000 shares of the asset manager’s stock valued at $507,000 after buying an additional 44,000 shares during the period. Advisors Asset Management Inc. increased its holdings in Blackrock Capital Investment by 56.4% during the third quarter. Advisors Asset Management Inc. now owns 75,832 shares of the asset manager’s stock valued at $447,000 after buying an additional 27,341 shares during the period. Virtu Financial LLC increased its holdings in Blackrock Capital Investment by 65.7% during the fourth quarter. Virtu Financial LLC now owns 23,711 shares of the asset manager’s stock valued at $125,000 after buying an additional 9,400 shares during the period. Aviance Capital Partners LLC increased its holdings in Blackrock Capital Investment by 3.5% during the third quarter. Aviance Capital Partners LLC now owns 348,305 shares of the asset manager’s stock valued at $2,055,000 after buying an additional 11,874 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new position in Blackrock Capital Investment during the third quarter valued at approximately $131,000. 33.01% of the stock is currently 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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