BlackRock Capital Investment (NASDAQ:BKCC) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of BlackRock Capital Investment (NASDAQ:BKCCFree Report) in a research report released on Friday morning. The firm issued a hold rating on the asset manager’s stock.

Separately, Wells Fargo & Company increased their target price on BlackRock Capital Investment from $3.50 to $3.75 and gave the company an equal weight rating in a research note on Monday, January 29th.

Check Out Our Latest Stock Report on BlackRock Capital Investment

BlackRock Capital Investment Stock Up 1.6 %

Shares of BlackRock Capital Investment stock opened at $3.77 on Friday. The stock’s fifty day moving average is $3.87 and its 200-day moving average is $3.69. The firm has a market capitalization of $273.60 million, a PE ratio of 17.14 and a beta of 1.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.87. BlackRock Capital Investment has a 12-month low of $3.03 and a 12-month high of $4.03.

Institutional Investors Weigh In On BlackRock Capital Investment

Institutional investors and hedge funds have recently made changes to their positions in the company. Condor Capital Management grew its stake in BlackRock Capital Investment by 9.5% in the fourth quarter. Condor Capital Management now owns 886,024 shares of the asset manager’s stock valued at $3,429,000 after acquiring an additional 77,137 shares during the period. Cape Investment Advisory Inc. bought a new stake in BlackRock Capital Investment during the fourth quarter worth about $34,000. D.A. Davidson & CO. raised its stake in BlackRock Capital Investment by 8.2% in the fourth quarter. D.A. Davidson & CO. now owns 39,640 shares of the asset manager’s stock valued at $153,000 after buying an additional 3,000 shares during the period. Jump Financial LLC bought a new stake in BlackRock Capital Investment in the fourth quarter valued at approximately $96,000. Finally, Narwhal Capital Management acquired a new position in shares of BlackRock Capital Investment in the fourth quarter valued at approximately $54,000. Institutional investors own 18.25% of the company’s stock.

BlackRock Capital Investment Company Profile

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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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