Keefe, Bruyette & Woods set a $8.00 price target on BlackRock Capital Investment Corporation (NASDAQ:BKCC) in a research report sent to investors on Thursday. The firm currently has a hold rating on the asset manager’s stock.

A number of other brokerages also recently issued reports on BKCC. ValuEngine downgraded BlackRock Capital Investment Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th. BidaskClub downgraded BlackRock Capital Investment Corporation from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research downgraded BlackRock Capital Investment Corporation from a hold rating to a sell rating in a research report on Tuesday, July 4th.

Shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) traded down 0.67% on Thursday, hitting $7.45. The stock had a trading volume of 209,029 shares. The company has a 50-day moving average of $7.26 and a 200 day moving average of $7.43. BlackRock Capital Investment Corporation has a 52 week low of $6.75 and a 52 week high of $8.15.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.02). BlackRock Capital Investment Corporation had a positive return on equity of 7.20% and a negative net margin of 5.04%. The company had revenue of $25.24 million during the quarter, compared to the consensus estimate of $24.94 million. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts forecast that BlackRock Capital Investment Corporation will post $0.84 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 18th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.68%. BlackRock Capital Investment Corporation’s payout ratio is -1,028.57%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinebridge Investments L.P. raised its position in BlackRock Capital Investment Corporation by 0.4% during the second quarter. Pinebridge Investments L.P. now owns 25,468 shares of the asset manager’s stock valued at $191,000 after purchasing an additional 109 shares in the last quarter. Janney Montgomery Scott LLC raised its position in BlackRock Capital Investment Corporation by 0.8% during the second quarter. Janney Montgomery Scott LLC now owns 27,813 shares of the asset manager’s stock valued at $208,000 after purchasing an additional 218 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in BlackRock Capital Investment Corporation by 0.4% during the second quarter. Parametric Portfolio Associates LLC now owns 54,535 shares of the asset manager’s stock valued at $408,000 after purchasing an additional 223 shares in the last quarter. Green Square Capital LLC raised its position in BlackRock Capital Investment Corporation by 2.2% during the second quarter. Green Square Capital LLC now owns 41,564 shares of the asset manager’s stock valued at $319,000 after purchasing an additional 890 shares in the last quarter. Finally, Essex Financial Services Inc. raised its position in BlackRock Capital Investment Corporation by 1.8% during the second quarter. Essex Financial Services Inc. now owns 91,628 shares of the asset manager’s stock valued at $686,000 after purchasing an additional 1,589 shares in the last quarter. Institutional investors and hedge funds own 28.99% of the company’s stock.

About BlackRock Capital Investment Corporation

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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