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.

BlackRock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The company had revenue of $22.76 million during the quarter, compared to the consensus estimate of $24.75 million. BlackRock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business’s revenue was down 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.21 earnings per share. analysts anticipate that BlackRock Capital Investment will post 0.74 EPS for the current year.

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.

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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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