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. “
A number of other brokerages also recently weighed in on BKCC. ValuEngine upgraded shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. BidaskClub upgraded shares of Blackrock Capital Investment from a “strong sell” rating to a “sell” rating in a report on Wednesday. Finally, Wells Fargo & Co upgraded shares of Blackrock Capital Investment from a “market perform” rating to an “outperform” rating and set a $5.50 target price on the stock in a report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.08.
Blackrock Capital Investment (NASDAQ:BKCC) last announced its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $19.96 million for the quarter. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. On average, equities analysts anticipate that Blackrock Capital Investment will post 0.6 EPS for the current fiscal year.
In related news, CEO James Keenan bought 30,279 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were purchased at an average cost of $4.94 per share, for a total transaction of $149,578.26. Following the acquisition, the chief executive officer now owns 121,279 shares of the company’s stock, valued at approximately $599,118.26. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Creative Planning raised its holdings in shares of Blackrock Capital Investment by 10.3% in the second quarter. Creative Planning now owns 40,110 shares of the asset manager’s stock valued at $242,000 after purchasing an additional 3,759 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Blackrock Capital Investment in the second quarter valued at approximately $122,000. Aperio Group LLC raised its holdings in shares of Blackrock Capital Investment by 18.7% in the second quarter. Aperio Group LLC now owns 51,490 shares of the asset manager’s stock valued at $310,000 after purchasing an additional 8,101 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Blackrock Capital Investment by 10.1% in the second quarter. Van ECK Associates Corp now owns 645,564 shares of the asset manager’s stock valued at $3,893,000 after purchasing an additional 59,408 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Blackrock Capital Investment in the second quarter valued at approximately $61,000. Hedge funds and other institutional investors own 29.61% 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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