Weekly Investment Analysts’ Ratings Changes for Blackrock Capital Investment (BKCC)

A number of firms have modified their ratings and price targets on shares of Blackrock Capital Investment (NASDAQ: BKCC) recently:

  • 9/9/2019 – Blackrock Capital Investment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 9/5/2019 – Blackrock Capital Investment was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/2/2019 – Blackrock Capital Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/27/2019 – Blackrock Capital Investment was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 8/20/2019 – Blackrock Capital Investment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/16/2019 – Blackrock Capital Investment was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 8/14/2019 – Blackrock Capital Investment was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 8/6/2019 – Blackrock Capital Investment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/1/2019 – Blackrock Capital Investment was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/30/2019 – Blackrock Capital Investment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $6.75 price target on the stock. 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. “
  • 7/17/2019 – Blackrock Capital Investment was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of NASDAQ BKCC traded down $0.08 during trading hours on Friday, hitting $5.17. The stock had a trading volume of 284,227 shares, compared to its average volume of 324,387. The company has a market capitalization of $354.53 million, a P/E ratio of 8.08, a P/E/G ratio of 8.33 and a beta of 0.76. The firm’s 50-day moving average price is $5.43 and its two-hundred day moving average price is $5.94. Blackrock Capital Investment Corp has a 52 week low of $5.06 and a 52 week high of $6.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09.

Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, July 31st. The asset manager reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.66 million during the quarter, compared to the consensus estimate of $20.45 million. Blackrock Capital Investment had a negative net margin of 6.24% and a positive return on equity of 9.42%. As a group, analysts expect that Blackrock Capital Investment Corp will post 0.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 7th. Investors of record on Monday, September 16th will be paid a $0.14 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.56 annualized dividend and a dividend yield of 10.83%. Blackrock Capital Investment’s payout ratio is 112.50%.

In related news, CFO Michael Pungello bought 6,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $5.60 per share, with a total value of $36,400.00. Following the completion of the transaction, the chief financial officer now directly owns 19,583 shares of the company’s stock, valued at $109,664.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James Keenan bought 50,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were bought at an average cost of $5.28 per share, with a total value of $264,000.00. Following the transaction, the insider now directly owns 91,000 shares of the company’s stock, valued at $480,480. The disclosure for this purchase can be found here. In the last three months, insiders purchased 106,500 shares of company stock valued at $559,900. 1.10% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Aperio Group LLC boosted its position in Blackrock Capital Investment by 18.7% during the second quarter. Aperio Group LLC now owns 51,490 shares of the asset manager’s stock worth $310,000 after purchasing an additional 8,101 shares during the period. Biltmore Capital Advisors LLC bought a new stake in Blackrock Capital Investment during the first quarter worth approximately $78,000. WealthPLAN Partners LLC bought a new stake in Blackrock Capital Investment during the first quarter worth approximately $64,000. Creative Planning boosted its position in Blackrock Capital Investment by 10.3% during the second quarter. Creative Planning now owns 40,110 shares of the asset manager’s stock worth $242,000 after purchasing an additional 3,759 shares during the period. Finally, Independent Advisor Alliance boosted its position in Blackrock Capital Investment by 24.4% during the first quarter. Independent Advisor Alliance now owns 21,400 shares of the asset manager’s stock worth $128,000 after purchasing an additional 4,200 shares during the period. 30.14% of the stock is owned by hedge funds and other institutional investors.

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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