BlackRock Capital Investment Corporation (BKCC) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) from a hold rating to a sell rating in a report issued on Wednesday, August 2nd.

According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. “

Other analysts have also issued reports about the stock. BidaskClub lowered shares of BlackRock Capital Investment Corporation from a sell rating to a strong sell rating in a research report on Thursday, July 27th. Keefe, Bruyette & Woods set a $8.00 price target on shares of BlackRock Capital Investment Corporation and gave the company a hold rating in a research report on Monday, April 10th. Finally, ValuEngine lowered shares of BlackRock Capital Investment Corporation from a buy rating to a hold rating in a research report on Tuesday, June 27th.

BlackRock Capital Investment Corporation (BKCC) traded down 0.41% on Wednesday, reaching $7.27. The company had a trading volume of 188,646 shares. BlackRock Capital Investment Corporation has a 52-week low of $6.75 and a 52-week high of $8.87. The stock’s 50-day moving average price is $7.53 and its 200 day moving average price is $7.52.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) last issued its earnings results on Wednesday, August 2nd. The asset manager reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.02. BlackRock Capital Investment Corporation had a negative net margin of 5.04% and a positive return on equity of 7.20%. The business had revenue of $25.24 million for the quarter, compared to analyst estimates of $24.94 million. During the same quarter last year, the firm posted $0.30 earnings per share. Equities research analysts expect that BlackRock Capital Investment Corporation will post $0.81 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 18th will be given a $0.18 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.90%. BlackRock Capital Investment Corporation’s dividend payout ratio (DPR) is presently -1,028.57%.

Several institutional investors have recently made changes to their positions in BKCC. Private Advisor Group LLC increased its position in shares of BlackRock Capital Investment Corporation by 20.6% in the first quarter. Private Advisor Group LLC now owns 32,599 shares of the asset manager’s stock worth $237,000 after buying an additional 5,565 shares in the last quarter. Clifford Swan Investment Counsel LLC acquired a new stake in BlackRock Capital Investment Corporation during the first quarter worth $396,000. Trexquant Investment LP increased its stake in BlackRock Capital Investment Corporation by 30.2% in the first quarter. Trexquant Investment LP now owns 40,860 shares of the asset manager’s stock worth $308,000 after buying an additional 9,475 shares during the period. Armor Investment Advisors LLC increased its stake in BlackRock Capital Investment Corporation by 0.5% in the first quarter. Armor Investment Advisors LLC now owns 167,093 shares of the asset manager’s stock worth $1,262,000 after buying an additional 809 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in BlackRock Capital Investment Corporation during the first quarter worth $190,000. 31.69% of the stock is owned by institutional investors.

BlackRock Capital Investment Corporation 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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