Is Blackrock Capital Investment Corp (BKCC) a Good Buy?

Consequently, key money managers have jumped into Blackrock Capital Investment Corp (NASDAQ:BKCC) headfirst. Millennium Management, managed by Israel Englander, established the largest position in Blackrock Capital Investment Corp (NASDAQ:BKCC). Millennium Management had $0.6 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also made a $0.1 million investment in the stock during the quarter.

Let’s go over hedge fund activity in other stocks similar to Blackrock Capital Investment Corp (NASDAQ:BKCC). We will take a look at Cellectis SA (ADR) (NASDAQ:CLLS), CIRCOR International, Inc. (NYSE:CIR), Transocean Partners LLC (NYSE:RIGP), and The Pep Boys – Manny, Moe & Jack (NYSE:PBY). This group of stocks’ market caps are closest to BKCC’s market cap.

As you can see these stocks had an average of 11.75 hedge funds with bullish positions and the average amount invested in these stocks was $91 million. That figure was $7 million in BKCC’s case. The Pep Boys – Manny, Moe & Jack (NYSE:PBY) is the most popular stock in this table. On the other hand Transocean Partners LLC (NYSE:RIGP) is the least popular one with only 7 bullish hedge fund positions. Blackrock Capital Investment Corp (NASDAQ:BKCC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard PBY might be a better candidate to consider a long position.