ValuEngine lowered shares of BlackRock Capital Investment (NASDAQ:BKCC) from a buy rating to a hold rating in a research report report published on Thursday, March 15th.
A number of other equities analysts also recently commented on the stock. BidaskClub downgraded shares of BlackRock Capital Investment from a sell rating to a strong sell rating in a report on Tuesday, January 9th. Zacks Investment Research upgraded BlackRock Capital Investment from a sell rating to a hold rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase upgraded BlackRock Capital Investment from a neutral rating to an overweight rating and set a $7.50 price target on the stock in a research note on Tuesday, February 6th. One 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 has a consensus rating of Hold and an average price target of $7.42.
Shares of BKCC stock traded down $0.06 on Thursday, hitting $6.08. The stock had a trading volume of 248,825 shares, compared to its average volume of 558,862. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market capitalization of $448.58, a P/E ratio of 8.33, a PEG ratio of 8.19 and a beta of 0.68. BlackRock Capital Investment has a one year low of $5.48 and a one year high of $7.88.
BlackRock Capital Investment (NASDAQ:BKCC) last released its quarterly earnings data on Wednesday, March 7th. The asset manager reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $24.40 million during the quarter, compared to the consensus estimate of $22.57 million. BlackRock Capital Investment had a return on equity of 9.34% and a net margin of 21.47%. During the same period in the previous year, the company posted $0.24 earnings per share. analysts anticipate that BlackRock Capital Investment will post 0.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 19th were given a $0.18 dividend. The ex-dividend date was Friday, March 16th. This represents a $0.72 dividend on an annualized basis and a yield of 11.84%. BlackRock Capital Investment’s dividend payout ratio is currently 98.63%.
In other news, Director Meridee Moore bought 125,000 shares of the company’s stock in a transaction that occurred on Friday, March 23rd. The shares were purchased at an average price of $5.98 per share, for a total transaction of $747,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.34% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BKCC. Fieldpoint Private Securities LLC purchased a new stake in BlackRock Capital Investment in the third quarter valued at approximately $101,000. Trexquant Investment LP acquired a new position in BlackRock Capital Investment in the third quarter valued at approximately $106,000. Northern Trust Corp lifted its holdings in BlackRock Capital Investment by 50.3% in the second quarter. Northern Trust Corp now owns 17,598 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 5,887 shares during the period. Cetera Advisors LLC lifted its holdings in BlackRock Capital Investment by 108.4% in the fourth quarter. Cetera Advisors LLC now owns 23,025 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 11,975 shares during the period. Finally, Two Sigma Securities LLC acquired a new position in BlackRock Capital Investment in the fourth quarter valued at approximately $174,000. Hedge funds and other institutional investors own 33.64% of the company’s stock.
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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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