Today, Brokerages Set BlackRock Kelso Capital Corp. (BKCC) PT at $9.63

Today, Brokerages Set BlackRock Kelso Capital Corp. (BKCC) PT at $9.63
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.63.

Separately, Zacks Investment Research upgraded BlackRock Kelso Capital Corp. from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Monday, October 17th.

BlackRock Kelso Capital Corp. (NASDAQ:BKCC) opened at 7.38 on Tuesday. BlackRock Kelso Capital Corp. has a 1-year low of $6.75 and a 1-year high of $10.20. The firm’s market capitalization is $535.45 million. The company has a 50 day moving average of $7.57 and a 200 day moving average of $7.98.

BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last issued its earnings results on Wednesday, November 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.28. BlackRock Kelso Capital Corp. had a positive return on equity of 8.18% and a negative net margin of 88.53%. The firm earned $26.15 million during the quarter, compared to the consensus estimate of $29.16 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. BlackRock Kelso Capital Corp.’s revenue for the quarter was down 23.0% on a year-over-year basis. On average, equities research analysts anticipate that BlackRock Kelso Capital Corp. will post $0.73 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in BKCC. Princeton Alpha Management LP acquired a new stake in BlackRock Kelso Capital Corp. during the second quarter worth approximately $201,000. Taylor Frigon Capital Management LLC boosted its stake in BlackRock Kelso Capital Corp. by 1.8% in the second quarter. Taylor Frigon Capital Management LLC now owns 92,720 shares of the company’s stock worth $721,000 after buying an additional 1,660 shares during the last quarter. Silver Capital Management LLC boosted its stake in BlackRock Kelso Capital Corp. by 1.6% in the second quarter. Silver Capital Management LLC now owns 36,969 shares of the company’s stock worth $287,000 after buying an additional 590 shares during the last quarter. ING Groep NV boosted its stake in BlackRock Kelso Capital Corp. by 0.4% in the second quarter. ING Groep NV now owns 899,334 shares of the company’s stock worth $6,997,000 after buying an additional 3,804 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in BlackRock Kelso Capital Corp. during the second quarter worth approximately $123,000. Institutional investors own 22.75% of the company’s stock.

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