Blackrock Capital Investment (NASDAQ:BKCC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies. “

Several other research firms also recently weighed in on BKCC. BidaskClub downgraded shares of Blackrock Capital Investment from a “sell” rating to a “strong sell” rating in a research report on Friday, August 16th. Wells Fargo & Co raised shares of Blackrock Capital Investment from a “market perform” rating to an “outperform” rating and set a $5.50 target price for the company in a research report on Monday. Finally, ValuEngine raised shares of Blackrock Capital Investment from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.08.

Blackrock Capital Investment stock traded up $0.07 during midday trading on Wednesday, hitting $4.94. 221,400 shares of the stock were exchanged, compared to its average volume of 331,294. Blackrock Capital Investment has a 1 year low of $4.58 and a 1 year high of $6.64. The firm has a market cap of $342.12 million, a P/E ratio of 7.72, a P/E/G ratio of 8.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day moving average price of $4.86 and a two-hundred day moving average price of $5.60.

Blackrock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, October 30th. The asset manager reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $19.96 million during the quarter. Blackrock Capital Investment had a negative net margin of 47.38% and a positive return on equity of 9.30%. As a group, analysts predict that Blackrock Capital Investment will post 0.6 EPS for the current year.

In related news, insider James Keenan bought 50,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was bought at an average price of $5.28 per share, with a total value of $264,000.00. Following the transaction, the insider now owns 91,000 shares of the company’s stock, valued at $480,480. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKCC. NEXT Financial Group Inc increased its position in shares of Blackrock Capital Investment by 8,000.0% in the 3rd quarter. NEXT Financial Group Inc now owns 8,100 shares of the asset manager’s stock worth $41,000 after purchasing an additional 8,000 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Blackrock Capital Investment in the 3rd quarter worth about $55,000. Trexquant Investment LP bought a new stake in shares of Blackrock Capital Investment in the 2nd quarter worth about $61,000. Jane Street Group LLC bought a new stake in shares of Blackrock Capital Investment in the 2nd quarter worth about $63,000. Finally, First Allied Advisory Services Inc. bought a new stake in shares of Blackrock Capital Investment during the 2nd quarter valued at about $65,000. 29.74% of the stock is owned by institutional investors.

Blackrock Capital Investment Company Profile

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.

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