Zacks Investment Research Lowers BlackRock Capital Investment Corporation (BKCC) to Hold

Zacks Investment Research downgraded shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) from a buy rating to a hold rating in a research note issued to investors on Friday.

According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. “

Other equities research analysts also recently issued research reports about the company. ValuEngine upgraded BlackRock Capital Investment Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods set a $8.00 price objective on BlackRock Capital Investment Corporation and gave the company a hold rating in a report on Thursday, October 5th. J P Morgan Chase & Co dropped their price objective on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a neutral rating on the stock in a report on Wednesday, November 1st. Finally, BidaskClub upgraded BlackRock Capital Investment Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $7.42.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at $6.88 on Friday. BlackRock Capital Investment Corporation has a 12 month low of $6.80 and a 12 month 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. The stock has a market capitalization of $503.42, a PE ratio of 8.49, a P/E/G ratio of 8.71 and a beta of 0.88.

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

COPYRIGHT VIOLATION WARNING: This news story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://ledgergazette.com/2017/11/13/zacks-investment-research-lowers-blackrock-capital-investment-corporation-bkcc-to-hold-2.html.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BKCC. Cue Financial Group Inc. boosted its position in shares of BlackRock Capital Investment Corporation by 56.6% in the 2nd quarter. Cue Financial Group Inc. now owns 89,400 shares of the asset manager’s stock valued at $670,000 after purchasing an additional 32,300 shares during the period. Aviance Capital Partners LLC boosted its position in shares of BlackRock Capital Investment Corporation by 8.6% in the 2nd quarter. Aviance Capital Partners LLC now owns 256,324 shares of the asset manager’s stock valued at $1,920,000 after purchasing an additional 20,267 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of BlackRock Capital Investment Corporation by 0.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 27,813 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 218 shares during the period. Eagle Global Advisors LLC acquired a new stake in shares of BlackRock Capital Investment Corporation in the 2nd quarter valued at about $100,000. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of BlackRock Capital Investment Corporation in the 2nd quarter valued at about $102,000. 28.96% of the stock is 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.

Get a free copy of the Zacks research report on BlackRock Capital Investment Corporation (BKCC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for BlackRock Capital Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Investment Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply