Blackrock Capital Investment (BKCC) Rating Lowered to Strong Sell at BidaskClub
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.
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.
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.
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