Keefe, Bruyette & Woods reiterated their hold rating on shares of BlackRock Capital Investment Corporation (NASDAQ:BKCC) in a report issued on Friday, November 10th. Keefe, Bruyette & Woods currently has a $7.00 price target on the asset manager’s stock.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of BlackRock Capital Investment Corporation from a hold rating to a buy rating and set a $7.75 target price on the stock in a research note on Friday, November 3rd. ValuEngine raised BlackRock Capital Investment Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. J P Morgan Chase & Co cut their price target on BlackRock Capital Investment Corporation from $8.00 to $7.50 and set a neutral rating for the company in a report on Wednesday, November 1st. Finally, BidaskClub raised BlackRock Capital Investment Corporation from a strong sell rating to a sell rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $7.42.
BlackRock Capital Investment Corporation (BKCC) opened at $6.75 on Friday. BlackRock Capital Investment Corporation has a 52-week low of $6.57 and a 52-week high of $7.90. The stock has a market cap of $491.71, a price-to-earnings ratio of 8.30, a P/E/G ratio of 8.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 0.77.
BlackRock Capital Investment Corporation (NASDAQ:BKCC) last posted its quarterly earnings results on Wednesday, November 8th. The asset manager reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). BlackRock Capital Investment Corporation had a return on equity of 9.67% and a net margin of 19.87%. The business had revenue of $22.76 million for the quarter, compared to analyst estimates of $24.75 million. During the same quarter in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was down 12.9% on a year-over-year basis. analysts expect that BlackRock Capital Investment Corporation will post 0.79 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Tuesday, December 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 10.67%. The ex-dividend date of this dividend is Monday, December 18th. BlackRock Capital Investment Corporation’s dividend payout ratio (DPR) is currently 257.14%.
In related news, Director Mark S. Lies acquired 50,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $6.72 per share, with a total value of $336,000.00. Following the acquisition, the director now owns 155,000 shares in the company, valued at approximately $1,041,600. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.34% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Global Advisors LLC bought a new stake in BlackRock Capital Investment Corporation in the 2nd quarter valued at $100,000. Fieldpoint Private Securities LLC bought a new position in BlackRock Capital Investment Corporation during the 3rd quarter worth $101,000. Nine Chapters Capital Management LLC bought a new position in BlackRock Capital Investment Corporation during the 2nd quarter worth $102,000. Trexquant Investment LP acquired a new stake in shares of BlackRock Capital Investment Corporation during the 3rd quarter worth $106,000. Finally, Airain ltd acquired a new stake in shares of BlackRock Capital Investment Corporation during the 2nd quarter worth $123,000. Institutional investors and hedge funds own 29.76% of the company’s stock.
BlackRock Capital Investment Corporation 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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