Millennium Management LLC lessened its holdings in shares of Blackrock Capital Investment Corp (NASDAQ:BKCC) by 90.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,303 shares of the asset manager’s stock after selling 984,191 shares during the quarter. Millennium Management LLC owned approximately 0.15% of Blackrock Capital Investment worth $631,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Centaurus Financial Inc. purchased a new position in Blackrock Capital Investment during the second quarter valued at $127,000. Resource America Inc. lifted its position in Blackrock Capital Investment by 23.8% during the second quarter. Resource America Inc. now owns 426,738 shares of the asset manager’s stock valued at $2,488,000 after buying an additional 82,000 shares during the period. Aviance Capital Partners LLC lifted its position in Blackrock Capital Investment by 5.2% during the second quarter. Aviance Capital Partners LLC now owns 336,431 shares of the asset manager’s stock valued at $1,961,000 after buying an additional 16,551 shares during the period. LSV Asset Management lifted its position in Blackrock Capital Investment by 6.5% during the second quarter. LSV Asset Management now owns 2,498,600 shares of the asset manager’s stock valued at $14,566,000 after buying an additional 152,500 shares during the period. Finally, Nissay Asset Management Corp Japan ADV lifted its position in Blackrock Capital Investment by 2.9% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 541,466 shares of the asset manager’s stock valued at $3,157,000 after buying an additional 15,025 shares during the period. 35.41% of the stock is currently owned by institutional investors.
BKCC opened at $6.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $420.50 million, a PE ratio of 8.27, a P/E/G ratio of 9.21 and a beta of 0.64. Blackrock Capital Investment Corp has a 1 year low of $5.48 and a 1 year high of $6.93.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, October 31st. The asset manager reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $21.01 million during the quarter, compared to analyst estimates of $21.30 million. Blackrock Capital Investment had a return on equity of 9.10% and a net margin of 30.39%. Sell-side analysts forecast that Blackrock Capital Investment Corp will post 0.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 8th. Stockholders of record on Tuesday, December 18th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 11.92%. The ex-dividend date is Monday, December 17th. Blackrock Capital Investment’s dividend payout ratio is presently 98.63%.
Several equities analysts have commented on BKCC shares. BidaskClub raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. ValuEngine raised Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Wells Fargo & Co lowered their price objective on Blackrock Capital Investment from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Thursday, October 4th. Finally, JPMorgan Chase & Co. lowered Blackrock Capital Investment from an “overweight” rating to a “neutral” rating and set a $6.00 price target for the company. in a research report on Monday, November 5th. Six research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $6.33.
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About Blackrock Capital Investment
BlackRock Capital Investment Corporation, formerly known as BlackRock Kelso Capital Corporation, is a Business Development Company specializing in investments in middle market companies. The fund invests in all industries. It prefers to invest between $10 million and $50 million and can invest more or less in companies with EBITDA or operating cash flow between $10 million and $50 million.
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