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Downgrade Alert for BlackRock Kelso Capital (BKCC)

By James Quinn

BlackRock Kelso Capital (NASDAQ:BKCC) was downgraded from Buy to Neutral at DA Davidson today. The stock closed yesterday at $8.35 on volume of 2.7 million shares, above average daily volume of 311,000.

BlackRock Kelso Capital share prices have moved between a 52-week high of $10.20 and a 52-week low of $5.88 and closed yesterday at 42% above that low price at $8.36 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

BlackRock Kelso Capital Corporation is an investment company that provides middle-market companies with a wide range of financing solutions. The Company's solutions include senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.

Potential upside of 17.6% exists for BlackRock Kelso Capital, based on a current level of $8.36 and analysts' average consensus price target of $9.83. BlackRock Kelso Capital shares should first meet resistance at the 50-day moving average (MA) of $9.20 and find additional resistance at the 200-day MA of $9.22.

SmarTrend is tracking the current trend status for BlackRock Kelso Capital and will alert subscribers who have BKCC in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades blackrock kelso capital

Ticker(s): BKCC