Blackrock Capital Investment (NASDAQ:BKCC) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday, October 19th.
Several other brokerages have also issued reports on BKCC. ValuEngine raised Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 11th. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. 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. Six research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $6.33.
BKCC stock traded up $0.02 on Friday, hitting $6.04. The company’s stock had a trading volume of 240,649 shares, compared to its average volume of 338,202. Blackrock Capital Investment has a 1 year low of $5.48 and a 1 year high of $6.93. The company has a market cap of $420.50 million, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 9.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.81.
Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can acquired a new position in Blackrock Capital Investment during the first quarter worth about $117,000. Guggenheim Capital LLC purchased a new position in Blackrock Capital Investment during the 1st quarter valued at about $2,099,000. Legal & General Group Plc grew 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 acquiring an additional 52,797 shares in the last quarter. Aperio Group LLC grew its stake in Blackrock Capital Investment by 83.5% during the 2nd quarter. Aperio Group LLC now owns 61,439 shares of the asset manager’s stock valued at $358,000 after acquiring an additional 27,954 shares in the last quarter. Finally, Telemus Capital LLC grew its stake in Blackrock Capital Investment by 10.3% during the 2nd quarter. Telemus Capital LLC now owns 1,883,880 shares of the asset manager’s stock valued at $10,983,000 after acquiring an additional 175,360 shares in the last quarter. 35.41% of the stock is currently owned by hedge funds and other 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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