BidaskClub upgraded shares of BlackRock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a report released on Saturday.

BKCC has been the subject of several other reports. ValuEngine cut shares of BlackRock Capital Investment from a buy rating to a hold rating in a report on Tuesday, April 3rd. Zacks Investment Research upgraded shares of BlackRock Capital Investment from a sell rating to a hold rating in a report on Monday, March 12th. Finally, JPMorgan Chase upgraded shares of BlackRock Capital Investment from a neutral rating to an overweight rating and set a $7.50 target price for the company in a report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $7.42.

BKCC opened at $6.40 on Friday. The stock has a market cap of $467.58, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 8.10 and a beta of 0.68. BlackRock Capital Investment has a fifty-two week low of $5.48 and a fifty-two week high of $7.88. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.36.

BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, March 7th. The asset manager reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $24.40 million for the quarter, compared to analyst estimates of $22.57 million. BlackRock Capital Investment had a net margin of 21.47% and a return on equity of 9.34%. During the same quarter in the prior year, the business earned $0.24 earnings per share. sell-side analysts predict that BlackRock Capital Investment will post 0.79 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date was Friday, March 16th. BlackRock Capital Investment’s dividend payout ratio is 98.63%.

In other news, Director Meridee Moore acquired 125,000 shares of the firm’s stock in a transaction that occurred on Friday, March 23rd. The stock was purchased at an average price of $5.98 per share, with a total value of $747,500.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.34% of the company’s stock.

A number of institutional investors have recently bought and sold shares of BKCC. Northern Trust Corp boosted its stake in BlackRock Capital Investment by 50.3% in the 2nd quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock worth $131,000 after purchasing an additional 5,887 shares during the period. Cetera Advisors LLC boosted its stake in BlackRock Capital Investment by 108.4% in the 4th quarter. Cetera Advisors LLC now owns 23,025 shares of the asset manager’s stock worth $143,000 after purchasing an additional 11,975 shares during the period. Two Sigma Securities LLC purchased a new stake in BlackRock Capital Investment in the 4th quarter worth approximately $174,000. Joel Isaacson & Co. LLC purchased a new stake in BlackRock Capital Investment in the 4th quarter worth approximately $187,000. Finally, Jane Street Group LLC purchased a new stake in BlackRock Capital Investment in the 4th quarter worth approximately $196,000. 33.64% of the stock is owned by hedge funds and other institutional investors.

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BlackRock Capital Investment 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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