BidaskClub Downgrades Blackrock Capital Investment (BKCC) to Hold

Blackrock Capital Investment (NASDAQ:BKCC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts have also commented on the stock. ValuEngine raised shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. Wells Fargo & Co lowered their price objective on shares of Blackrock Capital Investment from $7.00 to $6.00 and set a “market perform” rating on the stock in a research report on Thursday, October 4th. 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 research report on Monday, November 5th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $6.00.

BKCC opened at $5.86 on Friday. 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 fifty-two week low of $5.48 and a fifty-two week high of $6.70. The stock has a market cap of $408.65 million, a P/E ratio of 8.03, a PEG ratio of 8.95 and a beta of 0.64.

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

A number of hedge funds have recently made changes to their positions in BKCC. Telemus Capital LLC raised its position in Blackrock Capital Investment by 44.5% in the third quarter. Telemus Capital LLC now owns 2,722,116 shares of the asset manager’s stock worth $16,060,000 after acquiring an additional 838,236 shares during the period. Claybrook Capital LLC bought a new stake in Blackrock Capital Investment in the third quarter worth about $2,165,000. LSV Asset Management raised its position in Blackrock Capital Investment by 6.5% in the second quarter. LSV Asset Management now owns 2,498,600 shares of the asset manager’s stock worth $14,566,000 after acquiring an additional 152,500 shares during the period. Wedge Capital Management L L P NC bought a new stake in Blackrock Capital Investment in the second quarter worth about $761,000. Finally, Resource America Inc. raised its position in Blackrock Capital Investment by 19.5% in the third quarter. Resource America Inc. now owns 510,071 shares of the asset manager’s stock worth $3,009,000 after acquiring an additional 83,333 shares during the period. 35.12% of the stock is currently owned by institutional investors and hedge funds.

About Blackrock Capital Investment

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.

See Also: Coverage Ratio

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