Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
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 a number of other reports. JPMorgan Chase & Co. upgraded shares of Blackrock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 price objective for the company in a report on Tuesday, February 6th. BidaskClub upgraded shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, ValuEngine upgraded shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $7.42.
Blackrock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, March 7th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $24.40 million during the quarter, compared to analysts’ expectations of $22.57 million. Blackrock Capital Investment had a net margin of 21.47% and a return on equity of 9.34%. During the same period in the prior year, the company posted $0.24 earnings per share. research analysts anticipate that Blackrock Capital Investment will post 0.75 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Macquarie Group Ltd. boosted its holdings in Blackrock Capital Investment by 66.4% in the fourth quarter. Macquarie Group Ltd. now owns 49,600 shares of the asset manager’s stock worth $309,000 after purchasing an additional 19,800 shares in the last quarter. Jane Street Group LLC bought a new stake in Blackrock Capital Investment in the fourth quarter worth $196,000. Millennium Management LLC boosted its holdings in Blackrock Capital Investment by 186.6% in the fourth quarter. Millennium Management LLC now owns 1,086,117 shares of the asset manager’s stock worth $6,767,000 after purchasing an additional 707,095 shares in the last quarter. Steelhead Partners LLC acquired a new position in Blackrock Capital Investment during the 4th quarter worth $1,246,000. Finally, Two Sigma Securities LLC acquired a new position in Blackrock Capital Investment during the 4th quarter worth $174,000. Hedge funds and other institutional investors own 33.68% of the company’s stock.
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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