StockNews.com started coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC – Free Report) in a report released on Friday morning. The brokerage issued a hold rating on the asset manager’s stock.
Separately, Wells Fargo & Company upped their price target on shares of BlackRock Capital Investment from $3.50 to $3.75 and gave the company an equal weight rating in a report on Monday, January 29th.
BlackRock Capital Investment Price Performance
Institutional Investors Weigh In On BlackRock Capital Investment
A number of large investors have recently added to or reduced their stakes in BKCC. Condor Capital Management boosted its position in shares of BlackRock Capital Investment by 9.5% in the fourth quarter. Condor Capital Management now owns 886,024 shares of the asset manager’s stock valued at $3,429,000 after acquiring an additional 77,137 shares during the period. Cape Investment Advisory Inc. bought a new stake in shares of BlackRock Capital Investment in the fourth quarter valued at approximately $34,000. D.A. Davidson & CO. boosted its position in shares of BlackRock Capital Investment by 8.2% in the fourth quarter. D.A. Davidson & CO. now owns 39,640 shares of the asset manager’s stock valued at $153,000 after acquiring an additional 3,000 shares during the period. Jump Financial LLC bought a new stake in shares of BlackRock Capital Investment in the fourth quarter valued at approximately $96,000. Finally, Narwhal Capital Management bought a new stake in shares of BlackRock Capital Investment in the fourth quarter valued at approximately $54,000. Institutional investors own 18.25% of the company’s stock.
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.
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