Keefe, Bruyette & Woods Reaffirms Hold Rating for BlackRock Capital Investment Corporation (BKCC)

Keefe, Bruyette & Woods reiterated their hold rating on shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) in a research report sent to investors on Friday morning. The brokerage currently has a $7.00 price target on the asset manager’s stock.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised BlackRock Capital Investment Corporation from a hold rating to a buy rating and set a $7.75 price objective for the company in a report on Friday, November 3rd. ValuEngine raised BlackRock Capital Investment Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. J P Morgan Chase & Co decreased their price objective on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a neutral rating for the company in a report on Wednesday, November 1st. Finally, BidaskClub raised BlackRock Capital Investment Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned 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 price target of $7.42.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at $6.88 on Friday. The company has a market capitalization of $503.42, a P/E ratio of 8.49, a PEG ratio of 8.71 and a beta of 0.88. BlackRock Capital Investment Corporation has a fifty-two week low of $6.80 and a fifty-two week high of $7.90. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its earnings results on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The company had revenue of $22.76 million for the quarter, compared to the consensus estimate of $24.75 million. BlackRock Capital Investment Corporation had a net margin of 19.87% and a return on equity of 9.67%. The firm’s revenue for the quarter was down 12.9% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. sell-side analysts predict that BlackRock Capital Investment Corporation will post 0.79 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date of this dividend is Monday, December 18th. BlackRock Capital Investment Corporation’s payout ratio is currently 257.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of BKCC. Eagle Global Advisors LLC bought a new position in BlackRock Capital Investment Corporation during the 2nd quarter valued at $100,000. Nine Chapters Capital Management LLC bought a new position in BlackRock Capital Investment Corporation during the 2nd quarter valued at $102,000. Trexquant Investment LP bought a new position in BlackRock Capital Investment Corporation during the 3rd quarter valued at $106,000. Airain ltd bought a new position in BlackRock Capital Investment Corporation during the 2nd quarter valued at $123,000. Finally, GSA Capital Partners LLP bought a new position in BlackRock Capital Investment Corporation during the 2nd quarter valued at $127,000. 28.96% of the stock is owned by hedge funds and other institutional investors.

BlackRock Capital Investment Corporation Company Profile

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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