BidaskClub upgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a hold rating to a buy rating in a report published on Friday morning.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Blackrock Capital Investment from a sell rating to a hold rating in a research note on Monday, September 17th. Wells Fargo & Co cut their price target on shares of Blackrock Capital Investment from $7.00 to $6.00 and set a market perform rating for the company in a research note on Thursday, October 4th. ValuEngine raised shares of Blackrock Capital Investment from a sell rating to a hold rating in a research note on Thursday, November 1st. Finally, JPMorgan Chase & Co. cut shares of Blackrock Capital Investment from an overweight rating to a neutral rating and set a $6.00 price target for the company. in a research note on Monday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $6.00.

BKCC stock opened at $6.04 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.81. Blackrock Capital Investment has a one year low of $5.06 and a one year high of $6.53. The company has a market capitalization of $423.99 million, a price-to-earnings ratio of 8.27, a P/E/G ratio of 8.33 and a beta of 0.65.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, October 31st. The asset manager reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Blackrock Capital Investment had a net margin of 30.39% and a return on equity of 9.10%. The business had revenue of $21.01 million during the quarter, compared to analysts’ expectations of $21.30 million. As a group, equities research analysts forecast that Blackrock Capital Investment will post 0.66 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 8th. Stockholders of record on Tuesday, December 18th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, December 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.92%. Blackrock Capital Investment’s dividend payout ratio (DPR) is 98.63%.

Several institutional investors have recently made changes to their positions in the company. Claybrook Capital LLC purchased a new stake in shares of Blackrock Capital Investment in the 3rd quarter valued at $2,165,000. Koshinski Asset Management Inc. purchased a new stake in shares of Blackrock Capital Investment in the 3rd quarter valued at $131,000. Mackenzie Financial Corp boosted its stake in shares of Blackrock Capital Investment by 73.1% in the 3rd quarter. Mackenzie Financial Corp now owns 148,162 shares of the asset manager’s stock valued at $874,000 after purchasing an additional 62,580 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Blackrock Capital Investment by 56.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 75,832 shares of the asset manager’s stock valued at $447,000 after purchasing an additional 27,341 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Blackrock Capital Investment in the 3rd quarter valued at $253,000. 34.13% 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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