Zacks Investment Research disclosed Blackrock Capital Investment Corp (NASDAQ:BKCC), boosting its price target to $8.75 earlier today
- Updated: October 17, 2016
Stating a potential upside of 0.12%, Zacks Investment Research raised the target price of Blackrock Capital Investment Corp (NASDAQ:BKCC) to $8.75
On 04/28/2016, D. A. Davidson released a statement for Blackrock Capital Investment Corp (NASDAQ:BKCC) bumped down the target price from $10.00 to $9.00 that suggested an upside of 0.07%.
Boasting a price of $7.81, Blackrock Capital Investment Corp (NASDAQ:BKCC) traded 0.13% higher on the day. With the last stock price close down -5.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. The company has recorded a 50-day moving average of $8.35 and a 200-day moving average of $8.30. 192,245 shares of the stock traded hands, down from an average trading volume of 247,417
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Blackrock Capital Investment Corp has a 52 week low of $7.15 and a 52 week high of $10.20 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokerages have issued a ratings update on BKCC. The one year target is $9.63 with one equity analyst rating the company a strong buy, zero analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Blackrock Capital Investment Corp (NASDAQ:BKCC)
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital 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. The Company invests in middle-market companies with annual revenues typically between $50 million and $1 billion and targets investments throughout the capital structure. Its targeted investment typically ranges between $10 million and $50 million. The Company generally seeks to invest in companies that operate in a range of industries and that generate positive cash flows. The Company's investment advisor is BlackRock Advisors, LLC.
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