BlackRock Capital Investment Co. (NASDAQ:BKCC) Director Mark S. Lies bought 25,000 shares of the business’s stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $6.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the director now owns 180,000 shares of the company’s stock, valued at approximately $1,080,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.
BlackRock Capital Investment stock opened at $6.12 on Friday. The firm has a market cap of $433.34 million, a price-to-earnings ratio of 8.38, a P/E/G ratio of 8.00 and a beta of 0.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.71 and a quick ratio of 0.71.
BlackRock Capital Investment (NASDAQ:BKCC) last released its earnings results on Wednesday, May 2nd. The asset manager reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The business had revenue of $20.84 million during the quarter, compared to the consensus estimate of $20.94 million. BlackRock Capital Investment had a net margin of 6.07% and a return on equity of 9.02%. equities analysts forecast that BlackRock Capital Investment Co. will post 0.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 9th. Investors of record on Monday, June 18th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date of this dividend is Friday, June 15th. BlackRock Capital Investment’s dividend payout ratio (DPR) is currently 98.63%.
Several equities research analysts have recently issued reports on BKCC shares. JPMorgan Chase raised shares of BlackRock Capital Investment from a “neutral” rating to an “overweight” rating and set a $7.50 price objective for the company in a research report on Tuesday, February 6th. BidaskClub raised shares of BlackRock Capital Investment from a “strong sell” rating to a “sell” rating in a research report on Friday, March 23rd. ValuEngine raised shares of BlackRock Capital Investment from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research raised shares of BlackRock Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. BlackRock Capital Investment currently has a consensus rating of “Hold” and a consensus price target of $7.42.
A number of institutional investors have recently added to or reduced their stakes in BKCC. Millennium Management LLC grew its position in BlackRock Capital Investment by 186.6% in the fourth quarter. Millennium Management LLC now owns 1,086,117 shares of the asset manager’s stock valued at $6,767,000 after purchasing an additional 707,095 shares in the last quarter. Two Sigma Advisers LP grew its position in BlackRock Capital Investment by 163.3% in the fourth quarter. Two Sigma Advisers LP now owns 841,321 shares of the asset manager’s stock valued at $5,241,000 after purchasing an additional 521,800 shares in the last quarter. Two Sigma Investments LP grew its position in BlackRock Capital Investment by 149.5% in the fourth quarter. Two Sigma Investments LP now owns 643,606 shares of the asset manager’s stock valued at $4,010,000 after purchasing an additional 385,641 shares in the last quarter. Geode Capital Management LLC grew its position in BlackRock Capital Investment by 312.4% in the fourth quarter. Geode Capital Management LLC now owns 332,434 shares of the asset manager’s stock valued at $2,071,000 after purchasing an additional 251,819 shares in the last quarter. Finally, Steelhead Partners LLC bought a new position in BlackRock Capital Investment in the fourth quarter valued at $1,246,000. 35.09% of the stock is owned by institutional investors and hedge funds.
BlackRock Capital Investment Company Profile
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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