BlackRock Capital Investment (NASDAQ:BKCC) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of BlackRock Capital Investment (NASDAQ:BKCC) in a report issued on Saturday. The brokerage set a “hold” rating on the asset manager’s stock.

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

BlackRock Capital Investment Price Performance

Shares of NASDAQ BKCC opened at $3.68 on Friday. The stock has a market capitalization of $267.06 million, a PE ratio of 10.22 and a beta of 1.41. The business has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $3.72. BlackRock Capital Investment has a fifty-two week low of $3.03 and a fifty-two week high of $4.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.11 and a quick ratio of 1.11.

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

Hedge Funds Weigh In On BlackRock Capital Investment

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. acquired a new position in shares of BlackRock Capital Investment during the fourth quarter worth $34,000. Tower Research Capital LLC TRC grew its position in BlackRock Capital Investment by 101.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,635 shares of the asset manager’s stock worth $36,000 after acquiring an additional 4,844 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in BlackRock Capital Investment in the 1st quarter worth about $46,000. Private Advisor Group LLC bought a new position in BlackRock Capital Investment in the first quarter valued at about $39,000. Finally, Ancora Advisors LLC boosted its stake in shares of BlackRock Capital Investment by 42.4% during the first quarter. Ancora Advisors LLC now owns 13,293 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 3,960 shares in the last quarter. Institutional investors own 18.25% of the company’s stock.

About BlackRock Capital Investment

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.