BlackRock Capital Investment Corporation (BKCC) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) in a research report released on Friday morning. They currently have a $7.00 price target on the asset manager’s stock.

A number of other brokerages have also recently issued reports on BKCC. BidaskClub upgraded BlackRock Capital Investment Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 9th. ValuEngine cut BlackRock Capital Investment Corporation from a buy rating to a hold rating in a report on Friday, September 1st. Zacks Investment Research upgraded BlackRock Capital Investment Corporation from a strong sell rating to a hold rating in a report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reduced their price objective on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a neutral rating for the company in a report on Wednesday, November 1st. 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. BlackRock Capital Investment Corporation currently has a consensus rating of Hold and a consensus price target of $7.42.

Shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at $6.80 on Friday. BlackRock Capital Investment Corporation has a 1-year low of $6.77 and a 1-year high of $7.90. The stock has a market capitalization of $503.42, a P/E ratio of 8.49, a PEG ratio of 8.71 and a beta of 0.88. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). BlackRock Capital Investment Corporation had a return on equity of 9.67% and a net margin of 19.87%. The firm had revenue of $22.76 million for the quarter, compared to the consensus estimate of $24.75 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue was down 12.9% on a year-over-year basis. equities research analysts expect that BlackRock Capital Investment Corporation will post 0.79 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.59%. BlackRock Capital Investment Corporation’s payout ratio is 257.14%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Global Advisors LLC acquired a new stake in shares of BlackRock Capital Investment Corporation in the second quarter valued at approximately $100,000. Nine Chapters Capital Management LLC acquired a new stake in shares of BlackRock Capital Investment Corporation in the second quarter valued at approximately $102,000. Trexquant Investment LP acquired a new stake in shares of BlackRock Capital Investment Corporation in the third quarter valued at approximately $106,000. Airain ltd acquired a new stake in shares of BlackRock Capital Investment Corporation in the second quarter valued at approximately $123,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of BlackRock Capital Investment Corporation in the second quarter valued at approximately $127,000. Institutional investors own 28.96% 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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