BlackRock Capital Investment Corporation (NASDAQ:BKCC) had its price target reduced by J P Morgan Chase & Co from $8.00 to $7.50 in a research report released on Wednesday morning. They currently have a neutral rating on the asset manager’s stock.

Other analysts have also issued research reports about the stock. ValuEngine upgraded shares of BlackRock Capital Investment Corporation from a hold rating to a buy rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of BlackRock Capital Investment Corporation from a sell rating to a hold rating in a research report on Monday, September 11th. Keefe, Bruyette & Woods set a $8.00 price target on shares of BlackRock Capital Investment Corporation and gave the stock a hold rating in a research report on Thursday, October 5th. Finally, BidaskClub upgraded shares of BlackRock Capital Investment Corporation from a strong sell rating to a sell rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. BlackRock Capital Investment Corporation has a consensus rating of Hold and a consensus target price of $7.75.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last announced its earnings results on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share (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 business had revenue of $25.24 million for the quarter, compared to analyst estimates of $24.94 million. During the same quarter in the previous year, the company earned $0.30 EPS.

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A number of institutional investors have recently modified their holdings of BKCC. Eagle Global Advisors LLC bought a new position in shares of BlackRock Capital Investment Corporation during the second quarter valued at $100,000. Nine Chapters Capital Management LLC bought a new position in shares of BlackRock Capital Investment Corporation during the second quarter valued at $102,000. Airain ltd bought a new position in shares of BlackRock Capital Investment Corporation during the second quarter valued at $123,000. GSA Capital Partners LLP bought a new position in shares of BlackRock Capital Investment Corporation during the second quarter valued at $127,000. Finally, Northern Trust Corp raised its stake in shares of BlackRock Capital Investment Corporation by 50.3% during the second quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 5,887 shares during the last quarter. Hedge funds and other institutional investors own 29.09% of the company’s stock.

BlackRock Capital Investment Corporation 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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