Blackrock Capital Investment (NASDAQ:BKCC) Rating Lowered to Sell at BidaskClub

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.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, October 31st. The asset manager reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Blackrock Capital Investment had a net margin of 30.39% and a return on equity of 9.10%. The firm had revenue of $21.01 million during the quarter, compared to the consensus estimate of $21.30 million. As a group, analysts anticipate that Blackrock Capital Investment will post 0.66 earnings per share for the current year.

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.

Recommended Story: How mutual funds make money

Receive News & Ratings for Blackrock Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply