Blackrock Capital Investment Corp (NASDAQ:BKCC) Director Mark S. Lies acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $5.19 per share, with a total value of $259,500.00. Following the completion of the purchase, the director now owns 230,000 shares of the company’s stock, valued at $1,193,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ BKCC traded up $0.01 during trading on Thursday, reaching $5.24. 23,845 shares of the stock were exchanged, compared to its average volume of 415,963. The business’s 50-day moving average price is $5.89. Blackrock Capital Investment Corp has a twelve month low of $5.06 and a twelve month high of $6.64. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.54. The company has a market cap of $358.66 million, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 8.47 and a beta of 0.74.
Blackrock Capital Investment (NASDAQ:BKCC) last posted its earnings results on Wednesday, July 31st. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Blackrock Capital Investment had a positive return on equity of 9.42% and a negative net margin of 6.24%. The firm had revenue of $19.66 million for the quarter, compared to analyst estimates of $20.45 million. Equities analysts anticipate that Blackrock Capital Investment Corp will post 0.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, September 13th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.69%. Blackrock Capital Investment’s payout ratio is currently 112.50%.
Several research firms have issued reports on BKCC. BidaskClub downgraded shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. Zacks Investment Research raised shares of Blackrock Capital Investment from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine cut shares of Blackrock Capital Investment from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and an average price target of $6.25.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtus ETF Advisers LLC acquired a new stake in Blackrock Capital Investment in the second quarter valued at $4,387,000. Van ECK Associates Corp raised its holdings in Blackrock Capital Investment by 10.1% in the second quarter. Van ECK Associates Corp now owns 645,564 shares of the asset manager’s stock valued at $3,893,000 after acquiring an additional 59,408 shares in the last quarter. Bank of Montreal Can raised its holdings in Blackrock Capital Investment by 10.7% in the first quarter. Bank of Montreal Can now owns 581,000 shares of the asset manager’s stock valued at $3,480,000 after acquiring an additional 56,000 shares in the last quarter. Legal & General Group Plc raised its holdings in Blackrock Capital Investment by 14.9% in the fourth quarter. Legal & General Group Plc now owns 323,580 shares of the asset manager’s stock valued at $1,723,000 after acquiring an additional 41,943 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Blackrock Capital Investment by 98.4% in the fourth quarter. Bank of America Corp DE now owns 101,043 shares of the asset manager’s stock valued at $535,000 after acquiring an additional 50,120 shares in the last quarter. 30.92% of the stock is currently owned by hedge funds and other institutional investors.
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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