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 research firms also recently commented on BKCC. BidaskClub downgraded Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, August 16th. Wells Fargo & Co upgraded Blackrock Capital Investment from a “market perform” rating to an “outperform” rating and set a $5.50 target price for the company in a research report on Monday, November 4th. Finally, ValuEngine upgraded Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.08.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its earnings results on Wednesday, October 30th. The asset manager reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $19.96 million during the quarter. Blackrock Capital Investment had a positive return on equity of 9.30% and a negative net margin of 47.38%. Research analysts anticipate that Blackrock Capital Investment will post 0.6 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Stelac Advisory Services LLC increased its stake in shares of Blackrock Capital Investment by 12.2% in the third quarter. Stelac Advisory Services LLC now owns 22,621 shares of the asset manager’s stock valued at $113,000 after buying an additional 2,459 shares during the period. Creative Planning increased its stake in shares of Blackrock Capital Investment by 10.3% in the second quarter. Creative Planning now owns 40,110 shares of the asset manager’s stock valued at $242,000 after buying an additional 3,759 shares during the period. NEXT Financial Group Inc increased its stake in shares of Blackrock Capital Investment by 8,000.0% in the third quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock valued at $41,000 after buying an additional 8,000 shares during the period. Aperio Group LLC increased its stake in shares of Blackrock Capital Investment by 18.7% in the second quarter. Aperio Group LLC now owns 51,490 shares of the asset manager’s stock valued at $310,000 after buying an additional 8,101 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Blackrock Capital Investment in the second quarter valued at about $61,000. 30.26% of the stock is owned by institutional investors.
Blackrock Capital Investment Company Profile
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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