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According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. “
Several other research analysts also recently issued reports on the stock. Wells Fargo & Co upgraded shares of Blackrock Capital Investment from a market perform rating to an outperform rating and set a $5.50 price target on the stock in a research report on Monday, November 4th. BidaskClub downgraded shares of Blackrock Capital Investment from a sell rating to a strong sell rating in a research report on Friday, August 16th. Finally, ValuEngine upgraded shares of Blackrock Capital Investment from a hold rating to a buy rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $6.08.
BKCC stock traded up $0.07 on Wednesday, reaching $4.94. 221,400 shares of the company were exchanged, compared to its average volume of 331,294. The stock’s fifty day moving average price is $4.86 and its 200 day moving average price is $5.60. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. Blackrock Capital Investment has a 12 month low of $4.58 and a 12 month high of $6.64. The firm has a market capitalization of $342.12 million, a PE ratio of 7.72, a PEG ratio of 8.28 and a beta of 0.72.
Blackrock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The business had revenue of $19.96 million for the quarter. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. As a group, research analysts expect that Blackrock Capital Investment will post 0.6 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Wednesday, December 18th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.56 annualized dividend and a yield of 11.34%. Blackrock Capital Investment’s dividend payout ratio (DPR) is 87.50%.
In related news, Director Mark S. Lies purchased 50,000 shares of Blackrock Capital Investment stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $5.19 per share, for a total transaction of $259,500.00. Following the transaction, the director now directly owns 230,000 shares in the company, valued at $1,193,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc lifted its position in Blackrock Capital Investment by 8,000.0% during the 3rd quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 8,000 shares during the period. Trexquant Investment LP acquired a new position in Blackrock Capital Investment during the 2nd quarter valued at about $61,000. Jane Street Group LLC acquired a new position in Blackrock Capital Investment during the 2nd quarter valued at about $63,000. First Allied Advisory Services Inc. acquired a new position in Blackrock Capital Investment during the 2nd quarter valued at about $65,000. Finally, Mutual Advisors LLC acquired a new position in Blackrock Capital Investment during the 3rd quarter valued at about $55,000. Institutional investors own 29.74% of the company’s stock.
Blackrock Capital Investment Company Profile
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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