BlackRock Capital Investment Commences Coverage by StockNews.com

Analyst expertise has expanded, with StockNews.com initiating coverage on BlackRock Capital Investment (NASDAQ:BKCC), issuing a 'hold' recommendation for the asset management company's shares. This development was reported on a Tuesday, marking a new chapter of analysis for the firm.

Rating Update and Price Target Adjustments

Alongside the new coverage, BlackRock Capital Investment has also been subject to ratings by other financial entities. A notable adjustment came from Wells Fargo & Company, which modified its price target for BlackRock Capital Investment from $3.25 to $4.00, while maintaining an 'equal weight' rating. This revision was part of a research report published on September 8th.

Stock Performance Insights

The trading price for BlackRock Capital Investment began at $3.76 on the report's release day. The company has witnessed its share value fluctuate over the past year, with a 52-week low of $3.03 and a peak at $3.92. With a market capitalization of approximately $272.87 million, and a price-to-earnings (PE) ratio standing at 17.09, the company also shows a beta of 1.40, indicating its volatility in relation to the market. BlackRock Capital Investment's liquidity is evidenced by a quick ratio of 0.84 and a current ratio matching that number. The firm's indebtedness level is represented by a debt-to-equity ratio of 0.87. Share price movements reveal a 50-day simple moving average of $3.56 and a longer trend with a 200-day moving average at $3.45.

Institutional Investor Activity

Recent shifts in BlackRock Capital Investment's stock positions have been observed among hedge funds and institutional investors. Great West Life Assurance Co. Can expanded its stake by 5.1% during the second quarter, with a new total of 68,370 shares worth $226,000 following an additional acquisition of 3,301 shares. Private Advisor Group LLC showed a robust growth of 34.6% in its holdings during the same period, reaching 15,213 shares valued at $50,000. Another noteworthy investor, Ancora Advisors LLC, increased its investment by purchasing 3,960 more shares in the first quarter, thereby owning 13,293 shares with an approximate value of $45,000. A significant expansion was also undertaken by Tower Research Capital LLC TRC during the third quarter, doubling its ownership to 9,635 shares with a valuation close to $36,000. Advisor Group Holdings Inc. followed suit by augmenting its shares by 7.6% in the fourth quarter, resulting in a total of 77,204 shares held, valued at $280,000. Cumulatively, institutional investors now own about 18.25% of the company’s stock.

About BlackRock Capital Investment

BlackRock Capital Investment Corporation, operating previously as BlackRock Kelso Capital Corporation, is a specialized Business Development Company focused on middle market firms. The investment strategy encompasses a variety of industries, with preferred investment tranche sizes ranging from $10 million to $50 million and target companies boasting EBITDA or operating cash flow in the same financial band.

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