BlackRock Capital Investment Commences Coverage by StockNews.com

As of a recent announcement, analysts at StockNews.com have initiated their coverage on BlackRock Capital Investment, traded under NASDAQ BKCC, with a new report that assigns the investment firm a rating of 'hold.' This development marks a new phase of analyst monitoring for the well-known asset manager's shares.

Recent Analytical Reviews and Ratings

Accompanying this new coverage, BlackRock Capital Investment has also been subject to ratings adjustments by other financial institutions. Notably, an update from Wells Fargo & Company raised their price target on BlackRock Capital Investment's stock from $3.25 to $4.00, maintaining an 'equal weight' rating. The adjustment reflects an increased confidence in the company's stock performance.

Market Performance and Statistics

On the date of coverage initiation, NASDAQ BKCC opened trading at $3.76. This positions the company within reach of its 52-week high of $3.92, and well above its 52-week low of $3.03. Boasting a market capitalization of approximately $272.87 million and a PE ratio of 17.09, BlackRock Capital Investment also exhibits a beta of 1.40, signifying a moderate level of market volatility relative to the broader market. The firm has also reported a quick ratio and a current ratio of 0.84, along with a debt-to-equity ratio of 0.87. Additionally, the company's stock price is tracking above its 50-day simple moving average of $3.56 and ahead of the 200-day simple moving average of $3.45, suggesting a steady uptrend in price movement.

Investor Interest and Activity

Hedge funds and institutional investors have shown dynamic involvement with BlackRock Capital Investment's stock. For instance, Great West Life Assurance Co. Can boosted its stake by 5.1% during the second quarter, while Private Advisor Group LLC and Ancora Advisors LLC have notably increased their shares by 34.6% and 42.4%, respectively. Tower Research Capital LLC TRC doubled their ownership in the third quarter, and Advisor Group Holdings Inc. expanded their share by 7.6% in the fourth quarter. These movements underscore the active engagement of institutional investors, who currently own about 18.25% of the company's stock.

Company Profile

BlackRock Capital Investment Corporation, previously known as BlackRock Kelso Capital Corporation, is a Business Development Company with a focus on middle market enterprises. Broadly invested across industries, the fund typically channels investments of $10 million to $50 million into companies with operating cash flows in the same range.

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