Keefe, Bruyette & Woods Lowers Blackrock Kelso Capital Corp. Price Target to $9.50 (BKCC)
Keefe, Bruyette & Woods lowered their target price on shares of Blackrock Kelso Capital Corp. (NASDAQ:BKCC) from $9.75 to $9.50 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 9.45% from the company’s current price.
BKCC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Blackrock Kelso Capital Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 17th. They now have a $9.75 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Blackrock Kelso Capital Corp. currently has an average rating of “Buy” and a consensus target price of $9.69.
Shares of Blackrock Kelso Capital Corp. (NASDAQ:BKCC) traded down 0.91% on Friday, hitting $8.68. The stock had a trading volume of 506,541 shares. Blackrock Kelso Capital Corp. has a 52 week low of $8.25 and a 52 week high of $10.35. The stock’s 50-day moving average is $8.96 and its 200-day moving average is $9.08. The company has a market cap of $648.0 million and a P/E ratio of 7.96.
Blackrock Kelso Capital Corp. (NASDAQ:BKCC) last released its earnings data on Thursday, July 31st. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.19. The company had revenue of $33.76 million for the quarter, compared to the consensus estimate of $31.82 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Analysts expect that Blackrock Kelso Capital Corp. will post $0.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 3rd. Investors of record on Friday, September 19th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date of this dividend is Wednesday, September 17th.
BlackRock Kelso Capital Corporation (NASDAQ:BKCC) is an externally-managed, non-diversified closed-end management investment company.
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