BlackRock Capital Investment Corporation (BKCC) Surges to Yearly Low, Is Now Worst Performer

January 10, 2018 - By Clifton Ray

The stock of BlackRock Capital Investment Corporation (NASDAQ:BKCC) hit a new 52-week low and has $5.65 target or 7.00 % below today’s $6.08 share price. The 9 months bearish chart indicates high risk for the $445.09M company. The 1-year low was reported on Jan, 10 by Barchart.com. If the $5.65 price target is reached, the company will be worth $31.16 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.

The stock decreased 0.45% or $0.03 during the last trading session, reaching $6.08. About 168,716 shares traded. BlackRock Capital Investment Corporation (NASDAQ:BKCC) has risen 2.85% since January 10, 2017 and is uptrending. It has underperformed by 13.85% the S&P500.

Analysts await BlackRock Capital Investment Corporation (NASDAQ:BKCC) to report earnings on March, 14. They expect $0.17 earnings per share, down 34.62 % or $0.09 from last year’s $0.26 per share. BKCC’s profit will be $12.44M for 8.94 P/E if the $0.17 EPS becomes a reality. After $0.16 actual earnings per share reported by BlackRock Capital Investment Corporation for the previous quarter, Wall Street now forecasts 6.25 % EPS growth.

BlackRock Capital Investment Corporation (NASDAQ:BKCC) Ratings Coverage

Among 6 analysts covering BlackRock Kelso Capital (NASDAQ:BKCC), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. BlackRock Kelso Capital had 10 analyst reports since August 3, 2015 according to SRatingsIntel. As per Friday, February 19, the company rating was downgraded by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, October 5 report. DA Davidson initiated it with “Buy” rating and $10 target in Wednesday, September 30 report. The firm earned “Neutral” rating on Wednesday, November 1 by JP Morgan. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, November 9 report. The firm has “Buy” rating given on Wednesday, August 19 by Cantor Fitzgerald. The stock of BlackRock Capital Investment Corporation (NASDAQ:BKCC) has “Neutral” rating given on Thursday, April 28 by DA Davidson. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, August 14. The stock of BlackRock Capital Investment Corporation (NASDAQ:BKCC) has “Neutral” rating given on Tuesday, June 14 by Citigroup.

More news for BlackRock Capital Investment Corporation (NASDAQ:BKCC) were recently published by: Businesswire.com, which released: “BlackRock Capital Investment Corporation Announces Expiration and Final …” on September 26, 2017. Seekingalpha.com‘s article titled: “Identifying Risk In BDCs: BlackRock Capital Investment” and published on August 21, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.