Zacks Investment Research upgraded shares of Blackrock Capital Investment (NASDAQ:BKCC) from a sell rating to a hold rating in a research note published on Friday, September 7th.

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 equities research analysts also recently commented on BKCC. BidaskClub downgraded shares of Blackrock Capital Investment from a hold rating to a sell rating in a research note on Tuesday, July 3rd. ValuEngine upgraded shares of Blackrock Capital Investment from a sell rating to a hold rating in a research note on Friday, May 11th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $7.42.

BKCC stock traded down $0.07 during trading on Friday, hitting $6.07. 458,941 shares of the company’s stock traded hands, compared to its average volume of 229,056. The firm has a market cap of $445.27 million, a price-to-earnings ratio of 9.50, a PEG ratio of 9.65 and a beta of 0.63. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. Blackrock Capital Investment has a 1 year low of $5.48 and a 1 year high of $7.57.

Blackrock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, August 1st. The asset manager reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.03). Blackrock Capital Investment had a positive return on equity of 8.89% and a negative net margin of 8.00%. The firm had revenue of $21.31 million during the quarter, compared to analysts’ expectations of $22.87 million. analysts anticipate that Blackrock Capital Investment will post 0.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 8th. Investors of record on Monday, September 17th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, September 14th. This represents a $0.72 dividend on an annualized basis and a yield of 11.86%. Blackrock Capital Investment’s dividend payout ratio is presently 98.63%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WealthPLAN Partners LLC acquired a new position in Blackrock Capital Investment during the first quarter valued at $104,000. Great West Life Assurance Co. Can purchased a new position in Blackrock Capital Investment in the first quarter valued at $117,000. Centaurus Financial Inc. purchased a new position in Blackrock Capital Investment in the second quarter valued at $127,000. HRT Financial LLC purchased a new position in Blackrock Capital Investment in the first quarter valued at $149,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Blackrock Capital Investment in the first quarter valued at $160,000. Institutional investors own 34.30% of the company’s stock.

About Blackrock Capital Investment

BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.

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