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

Expert analysts at StockNews.com have recently kicked off coverage on BlackRock Capital Investment (NASDAQ:BKCC), issuing a 'hold' rating on the company's stock, according to a report released on Friday.

Financial Analysis and Price Targets

On a separate note, analysts from Wells Fargo & Company also updated their stance on BlackRock Capital Investment shares. They raised their price target from $3.50 to $3.75, maintaining an 'equal weight' rating on January 29th.

The stock opened at $3.72 last Friday, with performance metrics such as a 50-day simple moving average of $3.88 and a 200-day simple moving average of $3.69. Over the past year, the prices fluctuated between a low of $3.03 and a peak of $4.03. The market capitalization stood at $269.96 million, with a debt-to-equity ratio of 0.87, a quick ratio of 0.84, a current ratio of 0.84, and a beta of 1.44. Earnings per share (EPS) last reported were $0.13 for the quarter, surpassing the expected $0.12 by a cent, contributing to a net margin of 20.32% and a return on equity of 11.15%. The quarterly revenue was noted at $21.34 million against the expected $20.26 million. Projections are that BlackRock Capital Investment will post an EPS of 0.49 for the current fiscal year.

Institutional Investment Moves

There's been significant institutional activity concerning BlackRock Capital Investment. For instance, Tower Research Capital LLC TRC increased their holdings by 101.1% in the third quarter, now owning 9,635 shares valued at $36,000 after purchasing an additional 4,844 shares. Private Advisor Group LLC initiated a position worth approximately $39,000 in the first quarter. Similarly, Ancora Advisors LLC increased their stake by 42.4% during the same period, reaching an investment worth $45,000. Moreover, new positions were undertaken by Raymond James Financial Services Advisors Inc. and Narwhal Capital Management, valued around $46,000 and $54,000, respectively. Hedge funds and other institutional investors currently make up 18.25% of the stock’s ownership.

About BlackRock Capital Investment

BlackRock Capital Investment Corporation, previously known as BlackRock Kelso Capital Corporation, specializes as a Business Development Company focusing on middle market investments across various industries. Typically, the firm invests in the range of $10 million to $50 million in companies generating EBITDA or operating cash flow ranging from $10 million to $50 million.

BlackRock, Investment, StockNews