BlackRock Capital Investment (NASDAQ:BKCC) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also recently commented on BKCC. BidaskClub raised BlackRock Capital Investment from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised BlackRock Capital Investment from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. Keefe, Bruyette & Woods set a $8.00 price target on BlackRock Capital Investment and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, J P Morgan Chase & Co lowered their price target on BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. BlackRock Capital Investment presently has a consensus rating of “Hold” and an average target price of $7.42.

BlackRock Capital Investment (BKCC) traded down $0.01 during trading hours on Tuesday, reaching $6.54. The company’s stock had a trading volume of 392,289 shares, compared to its average volume of 297,600. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. BlackRock Capital Investment has a 52 week low of $6.49 and a 52 week high of $7.90. The stock has a market cap of $481.47, a PE ratio of 8.12, a PEG ratio of 8.89 and a beta of 0.84.

BlackRock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, November 8th. The asset manager reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.04). The business had revenue of $22.76 million for the quarter, compared to analysts’ expectations of $24.75 million. BlackRock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The company’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. sell-side analysts forecast that BlackRock Capital Investment will post 0.74 EPS for the current year.

In other news, Director Mark S. Lies purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average price of $6.72 per share, with a total value of $336,000.00. Following the purchase, the director now owns 155,000 shares in the company, valued at approximately $1,041,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman James Keenan bought 20,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were bought at an average cost of $6.54 per share, with a total value of $130,800.00. Following the transaction, the chairman now directly owns 35,182 shares of the company’s stock, valued at $230,090.28. The disclosure for this purchase can be found here. In the last three months, insiders purchased 87,750 shares of company stock valued at $584,553. 1.34% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Eagle Global Advisors LLC bought a new stake in BlackRock Capital Investment during the second quarter worth approximately $100,000. Fieldpoint Private Securities LLC bought a new stake in BlackRock Capital Investment during the third quarter worth approximately $101,000. Trexquant Investment LP bought a new stake in BlackRock Capital Investment during the third quarter worth approximately $106,000. Airain ltd bought a new stake in BlackRock Capital Investment during the second quarter worth approximately $123,000. Finally, GSA Capital Partners LLP bought a new stake in BlackRock Capital Investment during the second quarter worth approximately $127,000. 31.18% of the stock is owned by hedge funds and other institutional investors.

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BlackRock Capital Investment 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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