Blackrock Kelso Capital Corp.’s Neutral Rating Reaffirmed at Citigroup Inc. (BKCC)
Blackrock Kelso Capital Corp. (NASDAQ:BKCC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a note issued to investors on Thursday. They currently have a $9.50 price target on the stock, down from their previous price target of $10.00. Citigroup Inc.’s price objective suggests a potential upside of 2.26% from the stock’s previous close.
Blackrock Kelso Capital Corp. (NASDAQ:BKCC) traded down 0.22% during mid-day trading on Thursday, hitting $9.27. 95,267 shares of the company’s stock traded hands. Blackrock Kelso Capital Corp. has a 1-year low of $8.25 and a 1-year high of $10.00. The stock has a 50-day moving average of $9.03 and a 200-day moving average of $9.04. The company has a market cap of $691.1 million and a price-to-earnings ratio of 7.03. Blackrock Kelso Capital Corp. also saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 741,884 shares, a drop of 28.1% from the July 31st total of 1,031,236 shares. Based on an average daily volume of 360,364 shares, the short-interest ratio is presently 2.1 days. Currently, 1.0% of the shares of the company are short sold.
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 $0.81 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 9.04%. The ex-dividend date of this dividend is Wednesday, September 17th.
A number of other analysts have also recently weighed in on BKCC. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Blackrock Kelso Capital Corp. from $9.75 to $9.50 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.63.
BlackRock Kelso Capital Corporation (NASDAQ:BKCC) is an externally-managed, non-diversified closed-end management investment company.
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