BidaskClub upgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a research note published on Friday.

A number of other equities analysts have also recently issued reports on BKCC. ValuEngine upgraded shares of Blackrock Capital Investment from a strong sell rating to a sell rating in a research report on Thursday. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a sell rating to a hold rating in a research report on Friday, October 5th. Finally, Wells Fargo & Co decreased their price target on shares of Blackrock Capital Investment from $7.00 to $6.00 and set a market perform rating for the company in a research report on Thursday, October 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $7.06.

BKCC stock traded down $0.03 during trading on Friday, reaching $5.77. 445,057 shares of the company were exchanged, compared to its average volume of 354,393. The stock has a market cap of $418.99 million, a price-to-earnings ratio of 7.90, a P/E/G ratio of 9.08 and a beta of 0.65. Blackrock Capital Investment has a twelve month low of $5.48 and a twelve month high of $7.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, August 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.03). The company had revenue of $21.31 million for the quarter, compared to analyst estimates of $22.87 million. Blackrock Capital Investment had a positive return on equity of 8.89% and a negative net margin of 8.00%. On average, equities research analysts anticipate that Blackrock Capital Investment will post 0.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 8th. Shareholders of record on Monday, September 17th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 12.48%. The ex-dividend date of this dividend was Friday, September 14th. Blackrock Capital Investment’s dividend payout ratio (DPR) is currently 98.63%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in Blackrock Capital Investment by 43.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 48,491 shares of the asset manager’s stock valued at $283,000 after acquiring an additional 14,706 shares during the period. Centaurus Financial Inc. acquired a new position in Blackrock Capital Investment in the 2nd quarter valued at approximately $127,000. Resource America Inc. increased its position in Blackrock Capital Investment by 23.8% in the 2nd quarter. Resource America Inc. now owns 426,738 shares of the asset manager’s stock valued at $2,488,000 after acquiring an additional 82,000 shares during the period. Aviance Capital Partners LLC increased its position in Blackrock Capital Investment by 5.2% in the 2nd quarter. Aviance Capital Partners LLC now owns 336,431 shares of the asset manager’s stock valued at $1,961,000 after acquiring an additional 16,551 shares during the period. Finally, LSV Asset Management increased its position in Blackrock Capital Investment by 6.5% in the 2nd quarter. LSV Asset Management now owns 2,498,600 shares of the asset manager’s stock valued at $14,566,000 after acquiring an additional 152,500 shares during the period. Hedge funds and other institutional investors own 34.08% of the company’s stock.

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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