Brokerages Set BlackRock Kelso Capital Corp. (BKCC) PT at $9.63
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) has been given an average rating of “Hold” by the six ratings firms that are currently covering the stock. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $9.63.
Separately, Zacks Investment Research lowered shares of BlackRock Kelso Capital Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 31st.
Shares of BlackRock Kelso Capital Corp. (NASDAQ:BKCC) opened at 7.38 on Tuesday. BlackRock Kelso Capital Corp. has a one year low of $6.75 and a one year high of $10.20. The company’s market capitalization is $535.45 million. The firm has a 50-day moving average of $7.57 and a 200-day moving average of $7.98.
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.28. BlackRock Kelso Capital Corp. had a negative net margin of 88.53% and a positive return on equity of 8.18%. The company earned $26.15 million during the quarter, compared to the consensus estimate of $29.16 million. During the same period in the previous year, the firm posted $0.21 EPS. The business’s quarterly revenue was down 23.0% compared to the same quarter last year. Equities research analysts expect that BlackRock Kelso Capital Corp. will post $0.73 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its position 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 increased its position 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. Foundry Partners LLC increased its position 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. Punch & Associates Investment Management Inc. increased its position in shares of BlackRock Kelso Capital Corp. by 1.2% in the second quarter. Punch & Associates Investment Management Inc. now owns 879,310 shares of the company’s stock worth $6,841,000 after buying an additional 10,139 shares during the last quarter. Finally, Telemus Capital LLC purchased a new position in shares of BlackRock Kelso Capital Corp. during the second quarter worth $2,337,000. 22.75% of the stock is currently owned by institutional investors and hedge funds.
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BlackRock Kelso Capital Corp. Company Profile
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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