Sei Investments Co. purchased a new stake in shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,148 shares of the asset manager’s stock, valued at approximately $999,000.
A number of other large investors have also bought and sold shares of BKCC. Muzinich & Co. Inc. increased its position in BlackRock Capital Investment by 17.8% in the 2nd quarter. Muzinich & Co. Inc. now owns 2,668,880 shares of the asset manager’s stock worth $19,990,000 after purchasing an additional 403,683 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in BlackRock Capital Investment by 17.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 1,129,189 shares of the asset manager’s stock worth $8,458,000 after purchasing an additional 166,128 shares during the last quarter. Nomura Holdings Inc. increased its position in BlackRock Capital Investment by 8.4% in the 2nd quarter. Nomura Holdings Inc. now owns 992,955 shares of the asset manager’s stock worth $7,449,000 after purchasing an additional 76,925 shares during the last quarter. Van ECK Associates Corp increased its position in BlackRock Capital Investment by 13.7% in the 2nd quarter. Van ECK Associates Corp now owns 632,770 shares of the asset manager’s stock worth $4,739,000 after purchasing an additional 76,010 shares during the last quarter. Finally, Virtu KCG Holdings LLC acquired a new position in BlackRock Capital Investment in the 2nd quarter worth about $567,000. 31.18% of the stock is currently owned by hedge funds and other institutional investors.
In other BlackRock Capital Investment news, Chairman James Keenan bought 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $6.54 per share, for a total transaction of $130,800.00. Following the purchase, the chairman now directly owns 35,182 shares in the company, valued at $230,090.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael J. Zugay bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $6.62 per share, with a total value of $99,300.00. The disclosure for this purchase can be found here. In the last three months, insiders have bought 87,750 shares of company stock worth $584,553. 1.34% of the stock is currently owned by insiders.
Several brokerages have weighed in on BKCC. Zacks Investment Research raised BlackRock Capital Investment from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Friday, November 3rd. J P Morgan Chase & Co dropped their target price on BlackRock Capital Investment from $8.00 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, November 1st. BidaskClub lowered BlackRock Capital Investment from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 15th. ValuEngine raised BlackRock Capital Investment from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods set a $8.00 price objective on BlackRock Capital Investment and gave the company a “hold” rating in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. BlackRock Capital Investment currently has a consensus rating of “Hold” and an average price target of $7.42.
BlackRock Capital Investment Corporation (NASDAQ:BKCC) opened at $6.52 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $477.81, a PE ratio of 8.05, a PEG ratio of 8.81 and a beta of 0.84. BlackRock Capital Investment Corporation has a fifty-two week low of $6.49 and a fifty-two week high of $7.90.
BlackRock Capital Investment (NASDAQ:BKCC) last issued its quarterly earnings data on Wednesday, November 8th. The asset manager reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). The company had revenue of $22.76 million for the quarter, compared to analyst estimates of $24.75 million. BlackRock Capital Investment had a net margin of 19.87% and a return on equity of 9.67%. The business’s revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. analysts expect that BlackRock Capital Investment Corporation will post 0.74 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Tuesday, December 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.04%. The ex-dividend date of this dividend is Monday, December 18th. BlackRock Capital Investment’s dividend payout ratio is 276.92%.
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About BlackRock Capital Investment
BlackRock Capital Investment Corporation is an externally-managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation through its debt and equity investments. The Company provides middle-market companies with a range of financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.
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