Blackrock Capital Investment Corp (BKCC) is Downgraded by DA Davidson to Neutral, Lowers Price Target to $ 9

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.

Blackrock Capital Investment Corp

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