Apollo Investment and Blackrock Kelso boosted by upgrades


In addition to starting FS Investment at Outperform, KBW is bullish on a couple of other middle-market financiers, upgrading Apollo Investment (AINV +1.1%) and Blackrock Kelso Capital (BKCC +2.9%) to Outperform.

Previously: Positive coverage launched on FS Investment

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Comments (4)
  • speculative
    , contributor
    Comments (1625) | Send Message
     
    AINV has been a sweetheart in my portfolio. BKCC disappointed when they cut the payout. Good thing my position is irrelevant and will calculate if it makes sense going deep. I can clearly understand AINV's upgrade but am morbidly confused how BKCC would after a payout reduction. I would have thought that a downgrade was in order. Positive proof that this is market manipulation at its best. I was awaiting a downgrade to add when the pps plummets but I imagine KBW or one of it's subsidiaries went heavy on BKCC and then announce the upgrade. Think about it; an upgrade when their last quarterly reporting warranted a dividend cut.
    17 Jun 2014, 11:18 AM Reply Like
  • RWMostow
    , contributor
    Comments (1691) | Send Message
     
    One needs a cast iron stomach for BKCC.

     

    Long: BKCC

     

    -rwm
    17 Jun 2014, 11:58 AM Reply Like
  • njbother
    , contributor
    Comments (1097) | Send Message
     
    My cast iron stomach, let me buy more early may. Just sold midday for a 4.9% profit plus almost 2.5% dividend.

     

    And oh I have owned for years. Still way too overloaded, and my trim if it goes over 9.
    17 Jun 2014, 09:03 PM Reply Like
  • BullishonManagement
    , contributor
    Comments (812) | Send Message
     
    Owned BKCC for years.. Unloaded yesterday for small profit and i wont look back!
    18 Jun 2014, 08:05 AM Reply Like
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