BlackRock Capital Investment (BKCC) Lifted to Buy at ValuEngine
BlackRock Capital Investment (NASDAQ:BKCC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday.
A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $7.00 price target on shares of BlackRock Capital Investment in a research note on Friday, November 10th. Zacks Investment Research cut BlackRock Capital Investment from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. J P Morgan Chase & Co lowered their price target on BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, November 1st. Finally, BidaskClub lowered BlackRock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. BlackRock Capital Investment presently has a consensus rating of “Hold” and a consensus target price of $7.42.
Shares of BlackRock Capital Investment (NASDAQ BKCC) traded down $0.01 during mid-day trading on Tuesday, hitting $6.54. The stock had a trading volume of 392,289 shares, compared to its average volume of 297,600. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.42. The company has a market cap of $481.47, a PE ratio of 8.12, a PEG ratio of 8.89 and a beta of 0.84. BlackRock Capital Investment has a one year low of $6.49 and a one year high of $7.90.
In other BlackRock Capital Investment news, CEO Michael J. Zugay acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average cost of $6.62 per share, for a total transaction of $99,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James Keenan acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was acquired at an average price of $6.54 per share, with a total value of $130,800.00. Following the completion of the transaction, the chairman now directly owns 35,182 shares in the company, valued at approximately $230,090.28. The disclosure for this purchase can be found here. Insiders purchased a total of 87,750 shares of company stock valued at $584,553 over the last quarter. 1.34% of the stock is owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Eagle Global Advisors LLC acquired a new position in shares of BlackRock Capital Investment in the 2nd quarter valued at approximately $100,000. Fieldpoint Private Securities LLC acquired a new position in BlackRock Capital Investment during the 3rd quarter worth approximately $101,000. Trexquant Investment LP acquired a new position in BlackRock Capital Investment during the 3rd quarter worth approximately $106,000. Airain ltd acquired a new position in BlackRock Capital Investment during the 2nd quarter worth approximately $123,000. Finally, GSA Capital Partners LLP acquired a new position in BlackRock Capital Investment during the 2nd quarter worth approximately $127,000. Institutional investors and hedge funds own 31.18% of the company’s stock.
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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