Blackrock Capital Investment Corp (BKCC) was Downgraded by DA Davidson to ” Neutral” while Lowering the Price Target of the company shares to $ 9 from a previous price target of $10 . Earlier the firm had a rating of “Buy ” on the company shares. DA Davidson advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on Blackrock Capital Investment Corp. Blackrock Capital Investment Corp was Downgraded by Keefe Bruyette to ” Mkt Perform” on Feb 19, 2016.
On the company’s financial health, Blackrock Capital Investment Corp reported $0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.27. The company had revenue of $29.84 million for the quarter, compared to analysts expectations of $33.99 million. The company’s revenue was down -3.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Blackrock Capital Investment Corp closed down -0.05 points or -0.52% at $9.5 with 3,26,339 shares getting traded on Wednesday. Post opening the session at $9.51, the shares hit an intraday low of $9.48 and an intraday high of $9.55 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Aug 5, 2015, Corinne Pankovcin (CFO) purchased 3,250 shares at $9.24 per share price. According to the SEC, on May 15, 2015, Steven Sterling (CEO) purchased 20,000 shares at $9.40 per share price.
BlackRock Capital Investment Corporation formerly BlackRock Kelso Capital Corporation is a private equity company that is externally-managed non-diversified closed-end management investment company that provides middle-market companies with flexible financing solutions including senior and junior secured unsecured and subordinated debt securities and loans and equity securities. The Company invests primarily in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. The investment activities of the Company are managed by the BlackRock Kelso Capital Advisors (Advisor) which is responsible for sourcing potential investments.