Media stories about Blackrock Capital Investment Corp (NASDAQ:BKCC) have trended somewhat positive this week, according to AlphaOne. The research group, a service of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blackrock Capital Investment Corp earned a news sentiment score of 0.02 on AlphaOne’s scale. AlphaOne also assigned news articles about the asset manager an impact score of 92 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next several days.
Blackrock Capital Investment Corp (NASDAQ:BKCC) traded up 0.66% during midday trading on Friday, hitting $7.57. The company had a trading volume of 111,559 shares. Blackrock Capital Investment Corp has a one year low of $6.75 and a one year high of $8.87. The company’s 50 day moving average is $7.39 and its 200-day moving average is $7.41. The company’s market cap is $551.15 million.
Blackrock Capital Investment Corp (NASDAQ:BKCC) last released its quarterly earnings results on Wednesday, May 3rd. The asset manager reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. Blackrock Capital Investment Corp had a positive return on equity of 8.18% and a negative net margin of 88.53%. The firm had revenue of $24.93 million during the quarter, compared to analysts’ expectations of $24.41 million. On average, equities analysts predict that Blackrock Capital Investment Corp will post $0.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, June 15th. This represents a $0.72 dividend on an annualized basis and a yield of 9.57%. Blackrock Capital Investment Corp’s dividend payout ratio is -59.57%.
Several research firms recently issued reports on BKCC. Keefe, Bruyette & Woods set a $8.00 price target on Blackrock Capital Investment Corp and gave the company a “hold” rating in a research report on Monday, April 10th. Zacks Investment Research raised Blackrock Capital Investment Corp from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th.
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In other Blackrock Capital Investment Corp news, CEO Michael J. Zugay purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was purchased at an average cost of $7.38 per share, with a total value of $36,900.00. Following the acquisition, the chief executive officer now directly owns 400 shares of the company’s stock, valued at approximately $2,952. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mark S. Lies purchased 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were acquired at an average cost of $7.37 per share, with a total value of $184,250.00. Following the completion of the acquisition, the director now directly owns 90,000 shares in the company, valued at $663,300. The disclosure for this purchase can be found here. Insiders have purchased a total of 59,500 shares of company stock valued at $437,590 over the last ninety days. Insiders own 1.62% of the company’s stock.
About Blackrock Capital Investment Corp
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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