Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
Get Blackrock Capital Investment alerts:A number of other analysts have also recently issued reports on BKCC. BidaskClub cut Blackrock Capital Investment from a “buy” rating to a “hold” rating in a research note on Saturday, December 1st. ValuEngine raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut Blackrock Capital Investment from an “overweight” rating to a “neutral” rating and set a $6.00 target price for the company. in a research note on Monday, November 5th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Blackrock Capital Investment currently has an average rating of “Hold” and an average price target of $6.00.
NASDAQ BKCC traded down $0.19 during trading hours on Tuesday, reaching $6.34. 522,714 shares of the company’s stock were exchanged, compared to its average volume of 329,517. Blackrock Capital Investment has a one year low of $5.06 and a one year high of $6.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $451.22 million, a price-to-earnings ratio of 8.68, a PEG ratio of 9.17 and a beta of 0.80.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its position in Blackrock Capital Investment by 385.4% during the 4th quarter. Advisory Services Network LLC now owns 5,077 shares of the asset manager’s stock worth $27,000 after acquiring an additional 4,031 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Blackrock Capital Investment during the 4th quarter worth approximately $51,000. MML Investors Services LLC acquired a new position in Blackrock Capital Investment during the 4th quarter worth approximately $56,000. Dfpg Investments Inc. acquired a new position in Blackrock Capital Investment during the 4th quarter worth approximately $84,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Blackrock Capital Investment during the 4th quarter worth approximately $84,000. 33.01% of the stock is owned by institutional investors and hedge funds.
About Blackrock Capital Investment
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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