BidaskClub downgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a hold rating to a sell rating in a report published on Wednesday, BidAskClub reports.

Separately, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock currently has a consensus rating of Sell and a consensus target price of $6.00.

Blackrock Capital Investment stock opened at $5.95 on Wednesday. The stock has a market capitalization of $411.64 million, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 9.27 and a beta of 0.75. The company’s fifty day simple moving average is $6.10. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. Blackrock Capital Investment has a 52-week low of $5.06 and a 52-week high of $6.64.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, May 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Blackrock Capital Investment had a net margin of 11.81% and a return on equity of 9.17%. The business had revenue of $19.32 million for the quarter, compared to analysts’ expectations of $21.20 million. As a group, sell-side analysts anticipate that Blackrock Capital Investment will post 0.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Shareholders of record on Tuesday, June 18th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 12.10%. The ex-dividend date of this dividend was Monday, June 17th. Blackrock Capital Investment’s dividend payout ratio (DPR) is 112.50%.

In other news, CFO Michael Pungello acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were acquired at an average price of $6.27 per share, for a total transaction of $25,080.00. Following the completion of the transaction, the chief financial officer now directly owns 13,083 shares of the company’s stock, valued at approximately $82,030.41. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BKCC. Advisory Services Network LLC grew its holdings in shares of Blackrock Capital Investment by 385.4% in the fourth quarter. Advisory Services Network LLC now owns 5,077 shares of the asset manager’s stock worth $27,000 after purchasing an additional 4,031 shares during the last quarter. MML Investors Services LLC bought a new position in shares of Blackrock Capital Investment in the fourth quarter worth about $56,000. CIBC Private Wealth Group LLC bought a new position in shares of Blackrock Capital Investment in the first quarter worth about $61,000. WealthPLAN Partners LLC bought a new position in shares of Blackrock Capital Investment in the first quarter worth about $64,000. Finally, Biltmore Capital Advisors LLC bought a new position in shares of Blackrock Capital Investment in the first quarter worth about $78,000. Institutional investors and hedge funds own 31.26% of the company’s stock.

Blackrock Capital Investment Company Profile

BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.

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