BlackRock Capital Investment (BKCC) Stock Rating Upgraded by ValuEngine

BlackRock Capital Investment (NASDAQ:BKCC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

BKCC has been the subject of several other research reports. BidaskClub lowered BlackRock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 15th. Zacks Investment Research raised BlackRock Capital Investment from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a research report on Friday, November 3rd. J P Morgan Chase & Co lowered their price objective on BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods set a $8.00 price objective on BlackRock Capital Investment and gave the company a “hold” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.42.

BlackRock Capital Investment (BKCC) opened at $6.52 on Tuesday. 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 company has a market capitalization of $478.54, a price-to-earnings ratio of 8.07, a price-to-earnings-growth ratio of 8.84 and a beta of 0.84. BlackRock Capital Investment has a 52-week low of $6.49 and a 52-week high of $7.90.

BlackRock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $22.76 million for the quarter, compared to analysts’ expectations of $24.75 million. BlackRock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business’s quarterly revenue was down 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. equities research analysts forecast that BlackRock Capital Investment will post 0.74 EPS for the current fiscal year.

In related news, Director Mark S. Lies purchased 50,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $6.72 per share, with a total value of $336,000.00. Following the transaction, the director now directly owns 155,000 shares in the company, valued at $1,041,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman James Keenan purchased 20,000 shares of the stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of $6.54 per share, with a total value of $130,800.00. Following the transaction, the chairman now owns 35,182 shares in the company, valued at $230,090.28. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 87,750 shares of company stock valued at $584,553. 1.34% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Eagle Global Advisors LLC purchased a new position in shares of BlackRock Capital Investment in the 2nd quarter worth about $100,000. Fieldpoint Private Securities LLC purchased a new position in shares of BlackRock Capital Investment in the 3rd quarter worth about $101,000. Trexquant Investment LP purchased a new position in shares of BlackRock Capital Investment in the 3rd quarter worth about $106,000. Airain ltd purchased a new position in shares of BlackRock Capital Investment in the 2nd quarter worth about $123,000. Finally, GSA Capital Partners LLP purchased a new position in shares of BlackRock Capital Investment in the 2nd quarter worth about $127,000. 31.18% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/12/07/blackrock-capital-investment-bkcc-stock-rating-upgraded-by-valuengine.html.

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.

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.

Latest News

Leave a Reply