Blackrock Capital Investment (NASDAQ:BKCC) Downgraded by BidaskClub to “Strong Sell”

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

Several other equities research analysts have also commented on the stock. ValuEngine lowered shares of Blackrock Capital Investment from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Blackrock Capital Investment from a sell rating to a hold rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has a consensus rating of Sell and a consensus price target of $6.25.

NASDAQ:BKCC traded up $0.09 on Friday, hitting $5.28. The stock had a trading volume of 321,100 shares, compared to its average volume of 422,125. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $360.01 million, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 8.24 and a beta of 0.74. Blackrock Capital Investment has a 1 year low of $5.06 and a 1 year high of $6.64. The firm’s fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $6.07.



Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings data on Wednesday, July 31st. The asset manager reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The firm had revenue of $19.66 million during the quarter, compared to analysts’ expectations of $20.45 million. Blackrock Capital Investment had a negative net margin of 6.24% and a positive return on equity of 9.42%. Equities research analysts predict that Blackrock Capital Investment will post 0.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 16th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.56 annualized dividend and a yield of 10.61%. Blackrock Capital Investment’s dividend payout ratio (DPR) is 112.50%.

In other news, CFO Michael Pungello acquired 6,500 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $5.60 per share, for a total transaction of $36,400.00. Following the purchase, the chief financial officer now owns 19,583 shares in the company, valued at approximately $109,664.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mark S. Lies purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $5.19 per share, with a total value of $259,500.00. Following the purchase, the director now owns 230,000 shares in the company, valued at $1,193,700. The disclosure for this purchase can be found here. Company insiders own 1.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Virtus ETF Advisers LLC purchased a new stake in shares of Blackrock Capital Investment during the 2nd quarter worth approximately $4,387,000. Van ECK Associates Corp increased its stake in shares of Blackrock Capital Investment by 10.1% during the 2nd quarter. Van ECK Associates Corp now owns 645,564 shares of the asset manager’s stock worth $3,893,000 after purchasing an additional 59,408 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Blackrock Capital Investment by 10.7% during the 1st quarter. Bank of Montreal Can now owns 581,000 shares of the asset manager’s stock worth $3,480,000 after purchasing an additional 56,000 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Blackrock Capital Investment by 14.9% during the 4th quarter. Legal & General Group Plc now owns 323,580 shares of the asset manager’s stock worth $1,723,000 after purchasing an additional 41,943 shares during the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Blackrock Capital Investment by 83.8% during the 2nd quarter. Susquehanna International Group LLP now owns 235,922 shares of the asset manager’s stock worth $1,423,000 after purchasing an additional 107,552 shares during the last quarter. Institutional investors own 30.92% 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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