BlackRock Kelso Capital Corp. (NASDAQ:BKCC) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.63.
Separately, Zacks Investment Research raised 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.
Institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in BlackRock Kelso Capital Corp. during the third quarter valued at approximately $103,000. Capital Fund Management S.A. bought a new position in BlackRock Kelso Capital Corp. during the second quarter valued at approximately $123,000. Zacks Investment Management bought a new position in BlackRock Kelso Capital Corp. during the second quarter valued at approximately $136,000. HBK Investments L P bought a new position in BlackRock Kelso Capital Corp. during the third quarter valued at approximately $137,000. Finally, Portland Investment Counsel Inc. raised its position in BlackRock Kelso Capital Corp. by 11.8% in the second quarter. Portland Investment Counsel Inc. now owns 19,000 shares of the company’s stock valued at $148,000 after buying an additional 2,000 shares during the period. 22.75% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) opened at 7.44 on Tuesday. BlackRock Kelso Capital Corp. has a 52 week low of $6.75 and a 52 week high of $10.20. The firm has a 50-day moving average of $7.53 and a 200 day moving average of $7.98. The stock’s market capitalization is $539.80 million.
BlackRock Kelso Capital Corp. (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.28. The firm earned $26.15 million during the quarter, compared to analyst estimates of $29.16 million. BlackRock Kelso Capital Corp. had a negative net margin of 88.53% and a positive return on equity of 8.18%. The business’s revenue for the quarter was down 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. On average, analysts anticipate that BlackRock Kelso Capital Corp. will post $0.73 EPS for the current year.