StockNews.com Initiates Coverage on BlackRock Capital Investment (NASDAQ:BKCC)

Equities researchers at StockNews.com began coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the asset manager’s stock.

Separately, Wells Fargo & Company lifted their target price on BlackRock Capital Investment from $3.50 to $3.75 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

BlackRock Capital Investment Stock Performance

BKCC stock opened at $3.68 on Thursday. The company has a market cap of $267.06 million, a P/E ratio of 10.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s fifty day moving average price is $3.76 and its 200-day moving average price is $3.73. BlackRock Capital Investment has a 1 year low of $3.03 and a 1 year high of $4.03.

BlackRock Capital Investment (NASDAQ:BKCC) last released its earnings results on Tuesday, March 5th. The asset manager reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $20.31 million for the quarter, compared to the consensus estimate of $20.32 million. BlackRock Capital Investment had a return on equity of 11.54% and a net margin of 32.65%. On average, equities analysts forecast that BlackRock Capital Investment will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On BlackRock Capital Investment

A number of institutional investors and hedge funds have recently bought and sold shares of BKCC. Almitas Capital LLC raised its holdings in BlackRock Capital Investment by 81.5% during the third quarter. Almitas Capital LLC now owns 853,697 shares of the asset manager’s stock valued at $3,167,000 after acquiring an additional 383,363 shares during the period. Alpine Global Management LLC raised its holdings in BlackRock Capital Investment by 157.2% during the third quarter. Alpine Global Management LLC now owns 512,774 shares of the asset manager’s stock valued at $1,902,000 after acquiring an additional 313,389 shares during the period. Millennium Management LLC bought a new stake in BlackRock Capital Investment during the fourth quarter valued at about $791,000. Ares Management LLC raised its holdings in BlackRock Capital Investment by 3.4% during the first quarter. Ares Management LLC now owns 5,317,586 shares of the asset manager’s stock valued at $22,387,000 after acquiring an additional 177,330 shares during the period. Finally, Virtus ETF Advisers LLC raised its holdings in BlackRock Capital Investment by 280.7% during the third quarter. Virtus ETF Advisers LLC now owns 204,532 shares of the asset manager’s stock valued at $759,000 after acquiring an additional 150,813 shares during the period. 18.25% of the stock is owned by institutional investors.

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.