BlackRock Kelso Capital Corp. (BKCC) Lifted to Buy at Zacks Investment Research
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $8.75 price objective on the stock. Zacks Investment Research’s price target would suggest a potential upside of 12.04% from the stock’s previous close.
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. “
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) traded up 0.13% during trading on Monday, hitting $7.81. 192,245 shares of the company were exchanged. BlackRock Kelso Capital Corp. has a 12 month low of $7.15 and a 12 month high of $10.20. The company has a 50-day moving average of $8.37 and a 200-day moving average of $8.33.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/blackrock-kelso-capital-corp-bkcc-lifted-to-buy-at-zacks-investment-research.html
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.05. BlackRock Kelso Capital Corp. had a negative net margin of 36.05% and a positive return on equity of 11.25%. During the same period in the previous year, the business earned $0.23 earnings per share. Analysts forecast that BlackRock Kelso Capital Corp. will post $1.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Monday, September 19th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 10.76%. The ex-dividend date of this dividend was Thursday, September 15th. BlackRock Kelso Capital Corp.’s dividend payout ratio (DPR) is -142.37%.
Hedge funds have recently made changes to their positions in the stock. Capital Fund Management S.A. acquired a new position in shares of BlackRock Kelso Capital Corp. during the second quarter worth about $123,000. Zacks Investment Management acquired a new position in shares of BlackRock Kelso Capital Corp. during the second quarter worth about $136,000. Portland Investment Counsel Inc. boosted its position in shares of BlackRock Kelso Capital Corp. by 11.8% in the second quarter. Portland Investment Counsel Inc. now owns 19,000 shares of the company’s stock worth $148,000 after buying an additional 2,000 shares during the last quarter. Green Square Capital LLC acquired a new position in shares of BlackRock Kelso Capital Corp. during the second quarter worth about $190,000. Finally, Princeton Alpha Management LP acquired a new position in shares of BlackRock Kelso Capital Corp. during the second quarter worth about $201,000. Hedge funds and other institutional investors own 23.05% of the company’s stock.
BlackRock Kelso Capital Corp. Company Profile
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BlackRock Kelso Capital Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Kelso Capital Corp. and related companies with MarketBeat.com's FREE daily email newsletter.