BlackRock Capital Investment (BKCC) Earns Hold Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a research note released on Friday, November 10th. Keefe, Bruyette & Woods currently has a $7.00 price objective on the asset manager’s stock.

A number of other equities research analysts have also weighed in on the stock. ValuEngine lowered shares of BlackRock Capital Investment from a buy rating to a hold rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of BlackRock Capital Investment from a buy rating to a hold rating in a research note on Friday, November 10th. BidaskClub lowered shares of BlackRock Capital Investment from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Finally, J P Morgan Chase & Co cut their target price on shares of BlackRock Capital Investment from $8.00 to $7.50 and set a neutral rating on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $7.42.

Shares of BlackRock Capital Investment (BKCC) traded down $0.01 during trading on Friday, reaching $6.63. 412,600 shares of the company’s stock were exchanged, compared to its average volume of 295,257. The company has a market cap of $493.91, a price-to-earnings ratio of 8.33, a PEG ratio of 8.54 and a beta of 0.88. BlackRock Capital Investment has a 1-year low of $6.49 and a 1-year high of $7.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.

BlackRock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, November 8th. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). The firm had revenue of $22.76 million during the quarter, compared to the consensus estimate of $24.75 million. BlackRock Capital Investment had a return on equity of 9.67% and a net margin of 19.87%. BlackRock Capital Investment’s revenue was down 12.9% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. sell-side analysts expect that BlackRock Capital Investment will post 0.79 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date is Monday, December 18th. BlackRock Capital Investment’s payout ratio is 257.14%.

In other BlackRock Capital Investment news, Director Mark S. Lies purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $6.72 per share, with a total value of $336,000.00. Following the transaction, the director now directly owns 155,000 shares in the company, valued at approximately $1,041,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BKCC. Eagle Global Advisors LLC purchased a new position in BlackRock Capital Investment during the 2nd quarter valued at about $100,000. Fieldpoint Private Securities LLC purchased a new position in BlackRock Capital Investment during the 3rd quarter valued at about $101,000. Nine Chapters Capital Management LLC purchased a new position in BlackRock Capital Investment during the 2nd quarter valued at about $102,000. Trexquant Investment LP purchased a new position in BlackRock Capital Investment during the 3rd quarter valued at about $106,000. Finally, Airain ltd purchased a new position in BlackRock Capital Investment during the 2nd quarter valued at about $123,000. 31.13% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “BlackRock Capital Investment (BKCC) Earns Hold Rating from Keefe, Bruyette & Woods” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://baseballnewssource.com/markets/blackrock-capital-investment-corporation-bkcc-stock-rating-reaffirmed-by-keefe-bruyette-woods/1773855.html.

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.

Receive News & Ratings for BlackRock Capital Investment Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Capital Investment Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Phillies Sign Free Agent Carlos Santana
Phillies Sign Free Agent Carlos Santana
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle


Leave a Reply

 
© 2006-2017 BBNS.