BlackRock Capital Investment Corporation (NASDAQ:BKCC) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Wednesday.

Several other research firms have also issued reports on BKCC. Zacks Investment Research lowered BlackRock Capital Investment Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine lowered BlackRock Capital Investment Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th.

Shares of BlackRock Capital Investment Corporation (NASDAQ BKCC) opened at 7.51 on Wednesday. BlackRock Capital Investment Corporation has a 52-week low of $6.75 and a 52-week high of $8.87. The stock’s 50 day moving average price is $7.54 and its 200 day moving average price is $7.51.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its earnings results on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.02. BlackRock Capital Investment Corporation had a positive return on equity of 7.20% and a negative net margin of 5.04%. The firm had revenue of $25.24 million for the quarter, compared to analyst estimates of $24.94 million. During the same period in the previous year, the company posted $0.30 EPS. On average, analysts expect that BlackRock Capital Investment Corporation will post $0.81 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of BKCC. Muzinich & Co. Inc. raised its position in BlackRock Capital Investment Corporation by 57.3% in the first quarter. Muzinich & Co. Inc. now owns 2,265,197 shares of the asset manager’s stock valued at $17,102,000 after buying an additional 825,021 shares during the last quarter. UBS Group AG raised its stake in BlackRock Capital Investment Corporation by 29.6% in the first quarter. UBS Group AG now owns 1,337,516 shares of the asset manager’s stock worth $10,098,000 after buying an additional 305,126 shares in the last quarter. Ares Management LLC raised its stake in BlackRock Capital Investment Corporation by 1.2% in the first quarter. Ares Management LLC now owns 1,281,354 shares of the asset manager’s stock worth $9,725,000 after buying an additional 15,000 shares in the last quarter. Flaharty Asset Management LLC bought a new stake in BlackRock Capital Investment Corporation during the first quarter worth about $8,393,000. Finally, Punch & Associates Investment Management Inc. raised its stake in BlackRock Capital Investment Corporation by 3.4% in the first quarter. Punch & Associates Investment Management Inc. now owns 963,061 shares of the asset manager’s stock worth $7,271,000 after buying an additional 31,927 shares in the last quarter. 31.69% of the stock is currently owned by hedge funds and other institutional investors.

About BlackRock Capital Investment Corporation

BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.

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