StockNews.com Initiates Coverage on BlackRock Capital Investment (BKCC) with a Hold Rating

Analytical firm StockNews.com has recently commenced coverage on BlackRock Capital Investment Corporation BKCC, issuing a 'hold' rating on the company's stock. This decision has put the asset manager under a new spotlight in the investment community. BlackRock Capital Investment, listed on the NASDAQ under the ticker BKCC, is recognized for its strategic specialization in middle market investments, formerly operating as BlackRock Kelso Capital Corporation.

Analyst Insights and Stock Performance

The coverage initiation by StockNews.com follows an adjustment made by Wells Fargo & Company, which increased their price target for BKCC from $3.25 to $4.00, maintaining an 'equal weight' rating. The recent opening price for BKCC was noted at $3.63. With a market capitalization standing at approximately $263.43 million, a price-to-earnings (PE) ratio of 16.50, and a beta value of 1.40, BKCC is navigating the fluctuating market with stability. The stock has demonstrated a range between a fifty-two week low of $3.03 and a fifty-two week high of $3.92. Its financial health is underscored by a debt-to-equity ratio of 0.87, a quick ratio of 1.07, and a current ratio of 0.84. BKCC also marks an average trading track with a 50-day moving price average of $3.57 and a 200-day moving price average of $3.43.

Institutional Investments and Hedge Fund Activity

The company has attracted attention from various institutional investors and hedge funds, leading to increased or decreased stakes accordingly. Among them, Simplicity Solutions LLC established a new position valued at $35,000; Connor Clark & Lunn Investment Management Ltd. injected $36,000; Raymond James Financial Services Advisors Inc. and Private Advisor Group LLC entered with positions valued at $46,000 and $39,000 respectively. Notably, Tower Research Capital LLC TRC boosted its holdings by 121.1%, reaching ownership of 12,241 shares valued at $42,000. Collectively, institutional investors and hedge funds own about 18.25% of BKCC's stock.

Company Profile Insights

BKCC plays a pivotal role in the investment management industry, aligning with the operations of its parent company, BlackRock, Inc. BLK, which is esteemed as a global leader in investment management, based in New York City. BlackRock Capital Investment Corporation remains focused on the lucrative niche of middle market companies, with investments ranging typically between $10 million and $50 million, targeting businesses that exhibit EBITDA or operating cash flow within the same financial range.

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