BlackRock Capital Investment (BKCC) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of BlackRock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a research note issued to investors on Friday.

Several other equities analysts have also commented on BKCC. BidaskClub lowered shares of BlackRock Capital Investment from a hold rating to a sell rating in a report on Wednesday, May 9th. JPMorgan Chase raised shares of BlackRock Capital Investment from a neutral rating to an overweight rating and set a $7.50 target price on the stock in a report on Tuesday, February 6th. Finally, Zacks Investment Research lowered shares of BlackRock Capital Investment from a hold rating to a strong sell rating in a report on Thursday, February 8th. One investment 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 an average price target of $7.42.

BlackRock Capital Investment opened at $6.10 on Friday, Marketbeat reports. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.71. BlackRock Capital Investment has a 52 week low of $5.48 and a 52 week high of $7.88. The firm has a market cap of $440.56 million, a P/E ratio of 8.84, a price-to-earnings-growth ratio of 8.13 and a beta of 0.68.

BlackRock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, May 2nd. The asset manager reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). BlackRock Capital Investment had a net margin of 6.07% and a return on equity of 9.02%. The business had revenue of $20.84 million for the quarter, compared to the consensus estimate of $20.94 million. research analysts expect that BlackRock Capital Investment will post 0.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Investors of record on Monday, June 18th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 11.80%. The ex-dividend date of this dividend is Friday, June 15th. BlackRock Capital Investment’s dividend payout ratio is currently 98.63%.

In other news, Director Meridee Moore purchased 125,000 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were acquired at an average price of $5.98 per share, with a total value of $747,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark S. Lies purchased 25,000 shares of the business’s stock in a transaction on Monday, May 7th. The stock was purchased at an average cost of $6.00 per share, for a total transaction of $150,000.00. Following the acquisition, the director now owns 180,000 shares in the company, valued at $1,080,000. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 156,250 shares of company stock worth $933,870. 1.11% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. LSV Asset Management grew its holdings in BlackRock Capital Investment by 1.9% in the 1st quarter. LSV Asset Management now owns 2,346,100 shares of the asset manager’s stock worth $14,146,000 after acquiring an additional 43,400 shares during the last quarter. Millennium Management LLC grew its holdings in BlackRock Capital Investment by 186.6% in the 4th quarter. Millennium Management LLC now owns 1,086,117 shares of the asset manager’s stock worth $6,767,000 after acquiring an additional 707,095 shares during the last quarter. Two Sigma Advisers LP grew its holdings in BlackRock Capital Investment by 163.3% in the 4th quarter. Two Sigma Advisers LP now owns 841,321 shares of the asset manager’s stock worth $5,241,000 after acquiring an additional 521,800 shares during the last quarter. Two Sigma Investments LP grew its holdings in BlackRock Capital Investment by 149.5% in the 4th quarter. Two Sigma Investments LP now owns 643,606 shares of the asset manager’s stock worth $4,010,000 after acquiring an additional 385,641 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in BlackRock Capital Investment by 8.9% in the 4th quarter. BlackRock Inc. now owns 461,680 shares of the asset manager’s stock worth $2,876,000 after acquiring an additional 37,804 shares during the last quarter. 35.92% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Capital Investment 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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