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.
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.
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.
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