BidaskClub upgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a research report released on Friday.

BKCC has been the topic of several other reports. JPMorgan Chase & Co. raised Blackrock Capital Investment from a neutral rating to an overweight rating and set a $7.50 price objective on the stock in a research report on Tuesday, February 6th. ValuEngine lowered Blackrock Capital Investment from a hold rating to a sell rating in a research report on Thursday, May 3rd. Finally, Zacks Investment Research lowered Blackrock Capital Investment from a hold rating to a strong sell rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Blackrock Capital Investment currently has an average rating of Hold and a consensus price target of $7.42.

Blackrock Capital Investment opened at $6.34 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.71. Blackrock Capital Investment has a 12 month low of $5.48 and a 12 month high of $7.82. The stock has a market capitalization of $446.34 million, a price-to-earnings ratio of 8.68, a P/E/G ratio of 8.24 and a beta of 0.67.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). Blackrock Capital Investment had a net margin of 6.07% and a return on equity of 9.02%. The company had revenue of $20.84 million during the quarter, compared to analysts’ expectations of $20.94 million. equities research analysts anticipate that Blackrock Capital Investment will post 0.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Stockholders of record on Monday, June 18th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.36%. The ex-dividend date of this dividend is Friday, June 15th. Blackrock Capital Investment’s payout ratio is 98.63%.

In other Blackrock Capital Investment news, Director Mark S. Lies bought 25,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were acquired at an average cost of $6.00 per share, with a total value of $150,000.00. Following the completion of the transaction, the director now owns 180,000 shares in the company, valued at $1,080,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Meridee Moore bought 125,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were acquired at an average cost of $5.98 per share, for a total transaction of $747,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 156,250 shares of company stock worth $933,870. Corporate insiders own 1.11% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BKCC. LSV Asset Management increased its position in shares of Blackrock Capital Investment by 7.7% during the fourth quarter. LSV Asset Management now owns 2,302,700 shares of the asset manager’s stock worth $14,345,000 after acquiring an additional 165,500 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Blackrock Capital Investment by 108.4% during the fourth quarter. Cetera Advisors LLC now owns 23,025 shares of the asset manager’s stock worth $143,000 after acquiring an additional 11,975 shares during the last quarter. BlackRock Inc. grew its stake in Blackrock Capital Investment by 8.9% in the fourth quarter. BlackRock Inc. now owns 461,680 shares of the asset manager’s stock worth $2,876,000 after purchasing an additional 37,804 shares in the last quarter. Virtu Financial LLC grew its stake in Blackrock Capital Investment by 212.3% in the fourth quarter. Virtu Financial LLC now owns 46,815 shares of the asset manager’s stock worth $292,000 after purchasing an additional 31,824 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Blackrock Capital Investment in the fourth quarter worth about $1,191,000. 38.25% of the stock is currently owned by institutional investors and hedge funds.

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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