BlackRock Capital Investment Receives 'Hold' Rating from StockNews.com Analysts

Market analysts at StockNews.com have recently initiated coverage on BlackRock Capital Investment (NASDAQ:BKCC), beginning their analysis with a neutral 'hold' rating on the investment firm's stock. This coverage commences as BlackRock Capital Investment continues to make its mark in the asset management sector.

Analytical Perspectives on BlackRock Capital Investment

Alongside StockNews.com's initiation, other financial institutions have also offered their viewpoints on BlackRock Capital's stock. Notably, Wells Fargo & Company raised their price objective on the company, increasing it from $3.50 to $3.75. They have maintained an 'equal weight' rating, suggesting a balanced view on the stock's future performance.

Recent Performance of BlackRock Capital Investment

As trading commenced on Tuesday, BlackRock Capital Investment shares were seen at an opening price of $3.80. With a 12-month low and high of $3.03 and $4.03, respectively, the company shows a stable performance within the market. The firm boasts a market capitalization of $275.77 million, with a PE ratio that stands at 10.56 and a beta of 1.41. Indicators such as a 50-day moving average of $3.82 and a 200-day moving average of $3.72 show consistency. Additionally, liquidity ratios such as a quick ratio and current ratio both at 1.11, along with a debt-to-equity ratio of 0.93, reveal the company's financial health.

Institutional Investments in BlackRock Capital Investment

A diversified set of institutional investors and hedge funds have shown interest in BlackRock Capital Investment. Recent movements include acquisitions of new stakes by entities such as Raymond James Financial Services Advisors Inc. and Cetera Advisor Networks LLC, with investments amounting to tens of thousands of dollars. Private Advisor Group LLC has increased its stake by 24.5%, whereas XTX Topco Ltd made notable investments during the same timeframe. In total, 18.25% of BlackRock Capital's stock is held by institutional investors and hedge funds.

Company Profile: BlackRock Capital Investment

BlackRock Capital Investment Corporation, previously known as BlackRock Kelso Capital Corporation, is a renowned Business Development Company that specializes in middle market company investments, across all industries. They tend to invest amounts ranging from $10 million to $50 million in companies with EBITDA or operating cash flows within the same financial parameter.

BlackRock, Investment, Coverage