Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a $7.50 price objective on the asset manager’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 30.43% from the stock’s previous close.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Blackrock Capital Investment from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Friday, November 3rd. ValuEngine upgraded Blackrock Capital Investment from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $7.00 price target on shares of Blackrock Capital Investment in a report on Friday, November 10th. Finally, BidaskClub upgraded Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $7.42.
Blackrock Capital Investment (NASDAQ BKCC) traded up $0.20 during trading hours on Tuesday, reaching $5.75. The company had a trading volume of 770,883 shares, compared to its average volume of 456,155. Blackrock Capital Investment has a 12-month low of $5.49 and a 12-month high of $7.89. The firm has a market capitalization of $406.10, a P/E ratio of 23.96, a P/E/G ratio of 7.80 and a beta of 0.74. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.
In related news, Chairman James Keenan acquired 20,000 shares of the stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $6.54 per share, for a total transaction of $130,800.00. Following the completion of the purchase, the chairman now owns 35,182 shares in the company, valued at approximately $230,090.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark S. Lies acquired 50,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $6.72 per share, for a total transaction of $336,000.00. Following the purchase, the director now owns 155,000 shares of the company’s stock, valued at approximately $1,041,600. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 87,750 shares of company stock worth $584,553. Corporate insiders own 1.34% of the company’s stock.
Several institutional investors have recently made changes to their positions in BKCC. Fieldpoint Private Securities LLC acquired a new stake in shares of Blackrock Capital Investment in the third quarter worth $101,000. Trexquant Investment LP acquired a new stake in shares of Blackrock Capital Investment in the third quarter worth $106,000. GSA Capital Partners LLP acquired a new stake in shares of Blackrock Capital Investment in the second quarter worth $127,000. Northern Trust Corp grew its stake in shares of Blackrock Capital Investment by 50.3% in the second quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock worth $131,000 after acquiring an additional 5,887 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC grew its stake in shares of Blackrock Capital Investment by 65.0% in the third quarter. Global X MANAGEMENT CO LLC now owns 24,783 shares of the asset manager’s stock worth $186,000 after acquiring an additional 9,765 shares during the last quarter. Institutional investors and hedge funds own 31.00% of the company’s stock.
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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.
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