Zacks Investment Research upgraded shares of BlackRock Kelso Capital Corp. (NASDAQ:BKCC) from a hold rating to a buy rating in a report issued on Monday. Zacks Investment Research currently has $8.75 price target on the stock.

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. “

Shares of BlackRock Kelso Capital Corp. (NASDAQ:BKCC) traded up 0.51% during trading on Monday, reaching $7.85. The company had a trading volume of 21,859 shares. The stock has a 50 day moving average of $8.35 and a 200 day moving average of $8.30. BlackRock Kelso Capital Corp. has a 52-week low of $7.15 and a 52-week high of $10.20.

BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. BlackRock Kelso Capital Corp. had a negative net margin of 36.05% and a positive return on equity of 11.25%. During the same period in the previous year, the company posted $0.23 earnings per share. Equities analysts forecast that BlackRock Kelso Capital Corp. will post $1.03 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Monday, September 19th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 15th. This represents a $0.84 annualized dividend and a dividend yield of 10.76%. BlackRock Kelso Capital Corp.’s payout ratio is currently -142.37%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC boosted its stake in shares of BlackRock Kelso Capital Corp. by 28.2% in the first quarter. Aperio Group LLC now owns 52,124 shares of the company’s stock worth $490,000 after buying an additional 11,467 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of BlackRock Kelso Capital Corp. by 6.4% in the first quarter. BlackRock Group LTD now owns 347,573 shares of the company’s stock worth $3,271,000 after buying an additional 20,860 shares during the last quarter. LPL Financial LLC boosted its stake in shares of BlackRock Kelso Capital Corp. by 119.9% in the first quarter. LPL Financial LLC now owns 167,020 shares of the company’s stock worth $1,580,000 after buying an additional 91,074 shares during the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its stake in shares of BlackRock Kelso Capital Corp. by 21.3% in the second quarter. Osborn Rohs Williams & Donohoe Ltd now owns 88,901 shares of the company’s stock worth $692,000 after buying an additional 15,602 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of BlackRock Kelso Capital Corp. by 1.2% in the second quarter. Foundry Partners LLC now owns 38,840 shares of the company’s stock worth $302,000 after buying an additional 454 shares during the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

About BlackRock Kelso Capital Corp.

BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital 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.

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