BidaskClub lowered shares of Blackrock Capital Investment (NASDAQ:BKCC) from a sell rating to a strong sell rating in a report released on Tuesday morning.

A number of other equities research analysts also recently commented on BKCC. Zacks Investment Research raised Blackrock Capital Investment from a sell rating to a hold rating in a research report on Monday, September 11th. ValuEngine raised Blackrock Capital Investment from a hold rating to a buy rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods set a $8.00 price objective on Blackrock Capital Investment and gave the company a hold rating in a research report on Thursday, October 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Blackrock Capital Investment from $8.00 to $7.50 and set a neutral rating for the company in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $7.42.

Shares of Blackrock Capital Investment (NASDAQ:BKCC) traded down $0.01 during trading hours on Tuesday, hitting $6.10. The stock had a trading volume of 794,092 shares, compared to its average volume of 635,588. The stock has a market capitalization of $446.35, a P/E ratio of 25.42, a P/E/G ratio of 8.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. Blackrock Capital Investment has a twelve month low of $6.05 and a twelve month high of $7.89.

Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing the Zacks’ 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 had a net margin of 19.87% and a return on equity of 9.67%. Blackrock Capital Investment’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 EPS. research analysts forecast that Blackrock Capital Investment will post 0.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 11.80%. The ex-dividend date was Monday, December 18th. Blackrock Capital Investment’s dividend payout ratio (DPR) is presently 300.00%.

In other news, CEO Michael J. Zugay purchased 15,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was purchased at an average price of $6.62 per share, with a total value of $99,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James Keenan purchased 20,000 shares of the stock in a transaction on Friday, December 1st. The shares were purchased at an average cost of $6.54 per share, with a total value of $130,800.00. Following the transaction, the chairman now owns 35,182 shares of the company’s stock, valued at approximately $230,090.28. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 87,750 shares of company stock valued at $584,553. 1.34% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Sei Investments Co. purchased a new stake in Blackrock Capital Investment during the third quarter valued at about $999,000. Citadel Advisors LLC purchased a new stake in shares of Blackrock Capital Investment in the third quarter worth about $269,000. Nomura Holdings Inc. boosted its position in shares of Blackrock Capital Investment by 8.4% in the second quarter. Nomura Holdings Inc. now owns 992,955 shares of the asset manager’s stock worth $7,449,000 after buying an additional 76,925 shares during the period. Telemus Capital LLC boosted its position in shares of Blackrock Capital Investment by 4.8% in the third quarter. Telemus Capital LLC now owns 777,406 shares of the asset manager’s stock worth $5,831,000 after buying an additional 35,880 shares during the period. Finally, LSV Asset Management boosted its position in shares of Blackrock Capital Investment by 2.1% in the second quarter. LSV Asset Management now owns 1,632,384 shares of the asset manager’s stock worth $12,226,000 after buying an additional 33,724 shares during the period. 31.05% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Blackrock Capital Investment (BKCC) Rating Lowered to Strong Sell at BidaskClub” was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/blackrock-capital-investment-bkcc-rating-lowered-to-strong-sell-at-bidaskclub/1801939.html.

About Blackrock Capital Investment

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.

Receive News & Ratings for Blackrock Capital Investment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blackrock Capital Investment and related companies with MarketBeat.com's FREE daily email newsletter.