Blackrock Capital Investment (NASDAQ:BKCC) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
A number of other equities research analysts have also weighed in on BKCC. Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a report on Monday, March 12th. ValuEngine lowered shares of Blackrock Capital Investment from a “buy” rating to a “hold” rating in a report on Thursday, March 15th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.42.
Shares of BKCC opened at $6.05 on Tuesday. The firm has a market cap of $436.95 million, a PE ratio of 8.77, a P/E/G ratio of 8.07 and a beta of 0.67. 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 1-year low of $5.48 and a 1-year high of $7.67.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $20.84 million for the quarter, compared to analysts’ expectations of $20.94 million. Blackrock Capital Investment had a net margin of 6.07% and a return on equity of 9.02%. sell-side analysts anticipate that Blackrock Capital Investment will post 0.75 EPS for the current fiscal year.
In other Blackrock Capital Investment news, Director Mark S. Lies purchased 25,000 shares of the stock in a transaction on Monday, May 7th. The shares were bought at an average cost of $6.00 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now owns 180,000 shares in the company, valued at $1,080,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.34% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of BKCC. WealthPLAN Partners LLC purchased a new stake in Blackrock Capital Investment in the first quarter valued at $104,000. Great West Life Assurance Co. Can purchased a new stake in Blackrock Capital Investment in the first quarter valued at $117,000. HRT Financial LLC purchased a new stake in Blackrock Capital Investment in the first quarter valued at $149,000. Susquehanna Fundamental Investments LLC purchased a new stake in Blackrock Capital Investment in the first quarter valued at $160,000. Finally, Two Sigma Securities LLC purchased a new stake in Blackrock Capital Investment in the fourth quarter valued at $174,000. 38.25% of the stock is currently owned by 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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