Blackrock Capital Investment (BKCC) Upgraded at JPMorgan Chase & Co.

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.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Blackrock Capital Investment had a return on equity of 9.67% and a net margin of 19.87%. The firm had revenue of $22.76 million during the quarter, compared to analyst estimates of $24.75 million. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was down 12.9% on a year-over-year basis. equities analysts predict that Blackrock Capital Investment will post 0.74 earnings per share for the current year.

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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