The stock of Blackrock Capital Investment Corp (NASDAQ:BKCC) hit a new 52-week low and has $6.60 target or 5.00% below today’s $6.95 share price. The 5 months bearish chart indicates high risk for the $503.89 million company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $6.60 price target is reached, the company will be worth $25.19 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 379,137 shares traded hands or 37.58% up from the average. Blackrock Capital Investment Corp (NASDAQ:BKCC) has declined 22.38% since April 1, 2016 and is downtrending. It has underperformed by 23.60% the S&P500.
Blackrock Capital Investment Corp (NASDAQ:BKCC) Ratings Coverage
Out of 5 analysts covering BlackRock Kelso Capital (NASDAQ:BKCC), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. BlackRock Kelso Capital has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Blackrock Capital Investment Corp (NASDAQ:BKCC) earned “Neutral” rating by DA Davidson on Thursday, April 28. DA Davidson initiated Blackrock Capital Investment Corp (NASDAQ:BKCC) on Wednesday, September 30 with “Buy” rating. The rating was maintained by Cantor Fitzgerald on Wednesday, August 19 with “Buy”. On Friday, February 19 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”. The rating was maintained by Citigroup on Tuesday, June 14 with “Neutral”.
According to Zacks Investment Research, “BlackRock Kelso Capital Corporation provides responsive, creative and flexible capital solutions to middle-market companies. BlackRock Kelso Capital provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The Companies strategy is to provide capital to meet our clients’ current and future needs across this spectrum, creating long-term partnerships with growing middle-market companies.”
More news for Blackrock Capital Investment Corp (NASDAQ:BKCC) were recently published by: Businesswire.com, which released: “BlackRock Capital Investment Corporation Declares Regular Quarterly …” on November 02, 2016. Reuters.com‘s article titled: “BRIEF-Blackrock Capital Investment Corp – Qtrly GAAP net investment loss o…” and published on November 02, 2016 is yet another important article.
BKCC Company Profile
BlackRock Capital Investment Corporation, formerly BlackRock Kelso Capital Corporation, incorporated on April 13, 2005, is a private equity firm that is externally-managed, non-diversified closed-end management investment company. The Firm provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
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