BlackRock Capital Investment Corporation (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The firm currently has a $7.75 price target on the asset manager’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 9.00% from the company’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. “

Several other analysts have also recently weighed in on BKCC. J P Morgan Chase & Co cut their price objective on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. BidaskClub raised BlackRock Capital Investment Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 9th. ValuEngine raised BlackRock Capital Investment Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Keefe, Bruyette & Woods set a $8.00 price target on BlackRock Capital Investment Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.75.

BlackRock Capital Investment Corporation (BKCC) traded down $0.03 during trading on Friday, reaching $7.11. The company’s stock had a trading volume of 273,078 shares, compared to its average volume of 214,392. The firm has a market capitalization of $512.10 million, a P/E ratio of 11.31 and a beta of 0.88.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.02). The firm had revenue of $25.24 million for the quarter, compared to the consensus estimate of $24.94 million. BlackRock Capital Investment Corporation had a negative net margin of 5.04% and a positive return on equity of 7.20%. During the same period in the previous year, the firm posted $0.30 earnings per share. sell-side analysts forecast that BlackRock Capital Investment Corporation will post 0.79 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Muzinich & Co. Inc. boosted its position in shares of BlackRock Capital Investment Corporation by 17.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,668,880 shares of the asset manager’s stock worth $19,990,000 after purchasing an additional 403,683 shares in the last quarter. LSV Asset Management boosted its position in shares of BlackRock Capital Investment Corporation by 2.1% in the 2nd quarter. LSV Asset Management now owns 1,632,384 shares of the asset manager’s stock worth $12,226,000 after purchasing an additional 33,724 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of BlackRock Capital Investment Corporation by 17.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,129,189 shares of the asset manager’s stock worth $8,458,000 after purchasing an additional 166,128 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of BlackRock Capital Investment Corporation by 8.4% in the 2nd quarter. Nomura Holdings Inc. now owns 992,955 shares of the asset manager’s stock worth $7,449,000 after purchasing an additional 76,925 shares in the last quarter. Finally, Telemus Capital LLC boosted its position in shares of BlackRock Capital Investment Corporation by 4.8% in the 3rd quarter. Telemus Capital LLC now owns 777,406 shares of the asset manager’s stock worth $5,831,000 after purchasing an additional 35,880 shares in the last quarter. 29.09% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Capital Investment Corporation 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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