BlackRock Capital Investment Corporation (NASDAQ:BKCC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

Several other research firms have also recently issued reports on BKCC. Zacks Investment Research cut shares of BlackRock Capital Investment Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. ValuEngine cut shares of BlackRock Capital Investment Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at 7.29 on Tuesday. The firm has a 50-day moving average of $7.52 and a 200-day moving average of $7.52. BlackRock Capital Investment Corporation has a 1-year low of $6.75 and a 1-year high of $8.87.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.02. The company had revenue of $25.24 million for the quarter, compared to the consensus estimate of $24.94 million. BlackRock Capital Investment Corporation had a negative net margin of 5.04% and a positive return on equity of 7.20%. During the same quarter in the previous year, the business earned $0.30 EPS. Equities analysts anticipate that BlackRock Capital Investment Corporation will post $0.81 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the company. AR Asset Management Inc. acquired a new stake in shares of BlackRock Capital Investment Corporation during the first quarter valued at $208,000. Private Advisor Group LLC boosted its stake in shares of BlackRock Capital Investment Corporation by 20.6% in the first quarter. Private Advisor Group LLC now owns 32,599 shares of the asset manager’s stock valued at $237,000 after buying an additional 5,565 shares in the last quarter. Clifford Swan Investment Counsel LLC acquired a new stake in shares of BlackRock Capital Investment Corporation during the first quarter valued at $396,000. Trexquant Investment LP boosted its stake in shares of BlackRock Capital Investment Corporation by 30.2% in the first quarter. Trexquant Investment LP now owns 40,860 shares of the asset manager’s stock valued at $308,000 after buying an additional 9,475 shares in the last quarter. Finally, Armor Investment Advisors LLC boosted its stake in shares of BlackRock Capital Investment Corporation by 0.5% in the first quarter. Armor Investment Advisors LLC now owns 167,093 shares of the asset manager’s stock valued at $1,262,000 after buying an additional 809 shares in the last quarter. Institutional investors own 31.45% of the company’s stock.

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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