BlackRock Capital Investment Corporation (BKCC) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) from a buy rating to a hold rating in a research report report published on Friday.

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. “

BKCC has been the subject of several other reports. BidaskClub downgraded BlackRock Capital Investment Corporation from a sell rating to a strong sell rating in a research note on Thursday, July 27th. J P Morgan Chase & Co reduced their price objective on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a neutral rating for the company in a research note on Wednesday, November 1st. ValuEngine raised BlackRock Capital Investment Corporation from a hold rating to a buy rating in a research note on Monday, October 2nd. Finally, Keefe, Bruyette & Woods set a $8.00 price objective on BlackRock Capital Investment Corporation and gave the stock a hold rating in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $7.42.

Shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) traded down $0.06 during midday trading on Friday, hitting $6.88. The stock had a trading volume of 556,000 shares, compared to its average volume of 232,664. BlackRock Capital Investment Corporation has a twelve month low of $6.80 and a twelve month high of $7.90. The stock has a market capitalization of $503.42, a P/E ratio of 8.49, a price-to-earnings-growth ratio of 8.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.44 and a current ratio of 0.77.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $22.76 million during the quarter, compared to analysts’ expectations of $24.75 million. BlackRock Capital Investment Corporation had a return on equity of 9.67% and a net margin of 19.87%. The firm’s revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. research analysts anticipate that BlackRock Capital Investment Corporation will post 0.79 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Tuesday, December 19th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 10.47%. The ex-dividend date of this dividend is Monday, December 18th. BlackRock Capital Investment Corporation’s dividend payout ratio is currently 257.14%.

A number of institutional investors have recently made changes to their positions in the stock. Eagle Global Advisors LLC acquired a new position in BlackRock Capital Investment Corporation in the 2nd quarter worth about $100,000. Nine Chapters Capital Management LLC acquired a new position in BlackRock Capital Investment Corporation in the 2nd quarter worth about $102,000. Trexquant Investment LP acquired a new position in BlackRock Capital Investment Corporation in the 3rd quarter worth about $106,000. Airain ltd acquired a new position in BlackRock Capital Investment Corporation in the 2nd quarter worth about $123,000. Finally, GSA Capital Partners LLP acquired a new position in BlackRock Capital Investment Corporation in the 2nd quarter worth about $127,000. 29.10% of the stock is 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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